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What are the common earnings per share

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Question - BTS Corporation has 200,000 shares of $5 par common stock issued and outstanding. BTS Corporation also has 50,000 shares of $100, 5% par cumulative preferred stock. In 2019, BTS had net income of $4,000,000. The number of shares of both common and preferred stock has not changed during the year, and the preferred stock dividends were paid at the end of 2019. What are the common earnings per share (EPS) for 2019? Round to the nearest cent.

Reference no: EM132758353

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