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The JVB Corporation Had 200,000 Shares of Common Stock and 10,000

question 52

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The JVB Corporation had 200,000 shares of common stock and 10,000 shares of cumulative, $6 preferred stock outstanding during 2011. The preferred stock is convertible at the rate of three shares of common per share of preferred. For 2011, the company had a $60,000 net loss from operations and declared no dividends. JVB should report 2011 diluted loss per share of (rounded to the nearest cent)


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