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Bubba Corporation has net income of $4,200,000.

Bubba Corporation has net income of $4,200,000. It has 100,000 outstanding shares of 8% preferred stock ($100 par value) and 400,000 shares of common stock ($10 par value).

What are the earnings per share of common stock?

A.

$8.50

B.

$6.00

C.

$4.20

D.

$10.50

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