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Folic Acid Incorporated has $23 million in earnings, pays $3.3 million in interest to bondholders,...

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Finance

Folic Acid Incorporated has $23 million in earnings, pays $3.3 million in interest to bondholders, and $2.15 million in dividends to preferred stockholders.

What are the common stockholders residual claims to earnings?

Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places (e.g., $1.23 million should be entered as "1.23").

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