Question: The Namleda Corporation has an income statement that indicates that
The Namleda Corporation has an income statement that indicates that Operating Income is $2,375,486 and pays interest of $100,000 and taxes of $900,000. The Corporation currently has 3 million shares of common stock outstanding and 1 million shares of preferred stock, which pays a dividend of $1.00 per share. What is the corporation’s approximate Earnings per Share?
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