Multiple Choice
The net income of the firm is $4 million dollars.The firm will pay $500,000 in dividends to the preferred shareholders.There are currently 1 million shares of common stock outstanding.What are the earnings per share for this firm?
A) $4.00
B) $3.50
C) $4.50
D) $3.00
Correct Answer:
Verified
Correct Answer:
Verified
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