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Question: a corporation has 2000 shares 8 preferred stock with a...

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A corporation has 2,000 shares, 8% preferred stock with a par value of $50.00, and 12,000 shares of common stock outstanding. The net income for the year is $675,000. Calculate earnings per share. (Round your answer to the nearest cent.)

$47.64

$55.58

$48.21

$56.25

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