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Rye Company has provided the following information: Weighted average number of outstanding common shares, 200,000 Net income, $500,000 Number of authorized common shares, 400,000 Number

Rye Company has provided the following information:

Weighted average number of outstanding common shares, 200,000
Net income, $500,000
Number of authorized common shares, 400,000
Number of treasury shares, 25,000

What is Rye's earnings per share (EPS)?

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