Acompany had the following stockholders' equity information available at year-end. - issued 11,000 shares of $2.00 par value common stock for $12.00 per share. - issued 5,000 shares of $50 par value 6% preferred stock for $70 per share. - purchased 1,000 shares of previously issued common stock for $15.00 per share. - reported net income of $200,000. - declared and paid the preferred stock dividend. calculate the earnings per share for the current year. round your answer to two decimal places. $

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

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