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Candy Corporation had pretax profits of $1.2 million, an average tax rate of 34 percent, and...

Candy Corporation had pretax profits of $1.2 million, an average tax rate of 34 percent, and it paid preferred stock dividends of $50,000. There were 100,000 shares outstanding and interest expense of $200,000. What was Candy Corporation's earnings per share? Hint: Be careful of Interest Expense. Write down detail steps.

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