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Question
A company reports the following:
Net income $160,000
Preferred dividends $10,000
Shares of common stock outstanding 20,000
Market price per share of common stock $35
The companys earnings per share on common stock is
a. $13.33
b. $8.50
c. $7.50
d. $35.00
Answer
This answer is hidden. It contains 1 characters.
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