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Pharoah Corporation reported net income of $ 3 5 9 , 7 0 0 in 2 0 2 0 and had 5 4 , 8
Pharoah Corporation reported net income of $ in and had shares of common stock outstanding throughout the
year. Also outstanding all year were shares of cumulative preferred stock, each convertible into shares of common. The
preferred stock pays an annual dividend of $ per share. Pharoah's tax rate is
Compute Pharoah's diluted earnings per share. Round answer to decimal places, eg
Diluted earnings per share $
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