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The income statement for Emerald, Inc. shows income before income taxes $700,000, income tax expense $210,000 and net income $490,000. If Emerald has 100,000 shares

The income statement for Emerald, Inc. shows income before income taxes $700,000, income tax expense $210,000 and net income $490,000. If Emerald has 100,000 shares of common stock outstanding throughout the year, what is the earnings per share?

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