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Omega Corporation reports the following financial information for the fiscal year ending December 31, 20X6: Net Income: $50 million Preferred Dividends: $5 million Weighted Average

Omega Corporation reports the following financial information for the fiscal year ending December 31, 20X6:

Net Income: $50 million
Preferred Dividends: $5 million
Weighted Average Common Shares Outstanding: 10 million

Calculate Omega Corporation's earnings per share (EPS).

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