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  3. a company reports the following: net income $

A company reports the following: Net income $517,100 ...

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Accounting

A company reports the following:

Net income $517,100
Preferred dividends $38,300
Shares of common stock outstanding 60,000
Market price per share of common stock $23.14

Determine the company's earnings per share on common stock. Round your answer to the nearest cent.

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