Question: A utility has revenues of $47,000, operating expenses ofS22,000, book asset value ofS20,000, liabilities of $5,000, zero depreciation, no interest or tax liability, and

A utility has revenues of $47,000, operating expenses ofS22,000, book asset value ofS20,000, liabilities of $5,000, zero depreciation, no interest or tax liability, and 2,500 shares of stock outstanding. Its earnings per share are:

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