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What is the earnings per share for year

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Question - Excellent Company has 7%, 50,000 non-cumulative preference shares with $150 face value. It has equity shared of 2,00,000 with face value of $10 each. In year 2018, company had net income of $40,00,000 and paid dividend of total $20,00,000. What is the Earnings Per Share for year 2018?

A) $10

B) $7.375

C) $20

D) SOME OTHER NUMBER

Reference no: EM132546970

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