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Temple Corp. earned net income of $128, 500 and paid the minimum dividend to preferred stockholders for 2016. Assume that there are no changes in

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Temple Corp. earned net income of $128, 500 and paid the minimum dividend to preferred stockholders for 2016. Assume that there are no changes in common shares outstanding. Temple's books include the following figures: Compute Temple's EPS for the year. Assume Temple's market price of a share of common stock is $8 per share. Compute Temple's price/earnings ratio

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