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On December 31, Year 1, a company had 200 million shares of common stock and 3 mition shares or 9%,5100 par value cumulative preferred stock

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On December 31, Year 1, a company had 200 million shares of common stock and 3 mition shares or 9%,5100 par value cumulative preferred stock issued and outstanding. - On March 1, Year 2, the company purchased 24 million shares of its common stock as treasury stock. - The company issued a 5% common stock dividend on July 1 , Year 2. - Four million treasury shares were sold on October 1. - Net income for the year ended December 31, Year 2, was $150 million. Required: Calculate the company's eamings per share for the year ended December 31, Year 2 . Note: Do not round intermediate calculations. Enter your answers in millions (i.e., 10,000,000 should be entered as 10)

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