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Bonita Corporation had 488000 shares of commons stock outstanding during the year. Norman declared and...

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Accounting

Bonita Corporation had 488000 shares of commons stock outstanding during the year. Norman declared and paid cash dividends of $430000 on the common stock and $323000 on the preferred stock. Net income for the year was $1787000. What is Bonita's earnings per share?
$3.00
$3.73
$2.05
$2.78
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