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Net income was $ 2 3 0 , 5 0 0 for the year. Throughout the year the company had outstanding 1 5 , 0
Net income was $ for the year. Throughout the year the company had outstanding shares of $$ par value
preferred stock and shares of common stock.
Required:
Calculate basic earnings per share of common stock for the year.
Note: Round "Earnings per sharebasic" to decimal places.
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