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Business, 19.06.2020 04:57 nvacharya

Newcastle Enterprises had net income for 2018 of $103,000. Newcastle had 36,000 shares of common stock outstanding at the beginning of the year and 48,000 shares of common stock outstanding at the end of the year. There were 9,000 shares of preferred stock outstanding all year. During 2018, Newcastle declared and paid preferred dividends of $30,000. What is Newcastle's earnings per share?

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