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Rye Company has provided the following information: Number of issued common shares, 275,000 Net income, $840,000 Number of authorized common shares, 450,000 Number of treasury

Rye Company has provided the following information:

  • Number of issued common shares, 275,000
  • Net income, $840,000
  • Number of authorized common shares, 450,000
  • Number of treasury shares, 35,000

What is Rye's earnings per share?

$3.50

$1.87

$3.05

$2.02

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