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Ziegler Corporation reports net income of $526, 750 and a weighted-average of 245,000 shares of common stock outstanding for the year, Assume that Ziegler has

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Ziegler Corporation reports net income of $526, 750 and a weighted-average of 245,000 shares of common stock outstanding for the year, Assume that Ziegler has cumulative preferred stock dividends for the current year of $24, 500 that were declared and paid. Compute the earnings per share of common stock. (Round answer to 2 decimal places, e.g. 2.25.)

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