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Required information [The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: The common stock

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Required information [The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: The common stock was sold at a price of $40 per share. Compute earnings per share. Assume the weighted average shares outstanding is equal to the shares outstanding. Round your answer to 2 decimal places

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