Creekside company reported net income of 1268 million in, Ask an Expert

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Creekside Company reported net income of $1,268 million in 2011. The weighted average number of common shares outstanding during 2011 was 554 million shares. Creekside paid $30 million in dividends on preferred stock, which was convertible into 15 million shares of common stock. How much is basic earnings per share amount for 2011?

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