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Sandhill Corporation had 2020 net income of $1.6 million. During 2020, Sandhill paid a dividend of $3 per share on 84,000 preferred shares. Sandhill also
Sandhill Corporation had 2020 net income of $1.6 million. During 2020, Sandhill paid a dividend of $3 per share on 84,000 preferred shares. Sandhill also had 200,000 common shares outstanding during the year. Calculate Sandhills 2020 earnings per share.
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