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

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Question

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

A company reports the following:

Net income	$212,410
Preferred dividends	$15,730
Shares of common stock outstanding	22,000
Market price per share of common stock	$25.93

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

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

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