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  3. a company reports the following: net income $

A company reports the following: Net income $553,820 ...

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Accounting

A company reports the following:

Net income $553,820
Preferred dividends $41,020
Shares of common stock outstanding 40,000
Market price per share of common stock $37.18

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

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