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YH Corporation earned gross revenues of $3,218,000 and had net income of $574,000 in the current year. During the year, the company had 122,000 common

YH Corporation earned gross revenues of $3,218,000 and had net income of $574,000 in the current year. During the year, the company had 122,000 common shares outstanding and its average shareholders equity was $1,300,000. YHs basic earnings per share for the year is

Please round to the nearest cent and do not include dollar signs.

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