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During the most recent fiscal year, Dongata Industries earned net income after tax of $3,288,000.The company paid preferred share dividends of $488,000 and common share dividends of $1,000,000. The current market price of Dongata’s common shares is $56 per share, and the shares are trading at a price-earnings rate of 7. How many common shares does Dongata have outstanding? A. 350,000 |