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Ultramarine Company's net income for the previous year was $328,000. It declared preference dividends of $96,000. The average common shares of the company was 29,000

Ultramarine Company's net income for the previous year was $328,000. It declared preference dividends of $96,000. The average common shares of the company was 29,000 shares. Calculate Ultramarine Company's earnings per share.

a.$15

b.$8

c.$6

d.$11

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