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Use the following information for XYZ Corp

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Use the following information for XYZ Corp. to answer the next question.

Price per share: $30.00

Annual dividends: $0.75

Total Assets: $12 billion

Total Liabilities: $10 billion

Preferred Stock: $2 billion

Net Income: $1.5 billion

Shareholders’ Equity: $5 billion

Shares Outstanding: 500 million

What are XYZ's earnings per share (EPS)?

1. $2 per share

2. $3 per share

3. $4 per share

4. $5 per share