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Speed Inc. reported a net income equal to $15,000. The dividends declared & paid to the preferred shareholders equaled $ 5,000. Speed Inc. had 5,000

Speed Inc. reported a net income equal to $15,000. The dividends declared & paid to the preferred shareholders equaled $ 5,000. Speed Inc. had 5,000 shares outstanding all year long. What value is Speed Inc.'s earnings per share?

a. $0.50

b. $1.00

c. $1.50

d. $2.00

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