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PROBLEM 12 (8 points) Assume that Perry Corporation has 200,000 shares of common stock and 15,000 shares of $8 Cumulative preferred stock outstanding throughout the

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PROBLEM 12 (8 points) Assume that Perry Corporation has 200,000 shares of common stock and 15,000 shares of $8 Cumulative preferred stock outstanding throughout the year Net income for the year totals $696,000. Compute the Earnings per share of common stock

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