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Vaughn Corporation reports net income of $380,250and a weighted-average of195,000shares of common stock outstanding for the year. Compute the earnings per share of common stock.

Vaughn Corporation reports net income of $380,250and a weighted-average of195,000shares of common stock outstanding for the year. Compute the earnings per share of common stock. (Round answer to 2 decimal places, e.g. 2.25.)

Earnings per share $enter the earnings per share in dollars rounded to 2 decimal places

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