McDonnell-Myer Corporation reported net income of $2,960 million. The company had 546 million common shares outstanding at January 1 and sold 60 million shares on February 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $40 per share. Calculate McDonnell-Myer's earnings per share for the year. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Although laws vary by state, there are usually two ways someone can get credit for completing high school. One option is to receive a high school diploma. The other is to get a certificate.

Certificates can have different names depending on your state. Certificate of Completion and Certificate of Attendance are common ones. And some states offer more than one type of certificate.

You may also hear about alternate diplomas, which states are allowed to offer under the Every Student Succeeds Act (ESSA). But this diploma is intended for the 1 percent of children who have serious learning challenges.

It’s important to know that certificates and high school diplomas are very different from each other. Each can impact your child’s future in different ways. The table below compares them.

High school diplomaHigh school certificate

What it means

A student has met all the requirements for graduation.

A student has completed high school but didn’t meet all the requirements for graduation.

What are the graduation requirements

To earn a diploma, a student typically must pass grade-level English, math, social studies, science, and other classes. The number and type of class credits required vary by state.

Some states also require a student to pass a high school exit exam to get a diploma.

It depends on the state and school. Unlike a diploma, the requirements are often flexible and can be tied to a student’s IEP goals.

Accommodations allowed

Yes

Yes

Curriculum modifications allowed

Maybe. By changing what students learn, modifications can hurt their ability to earn a high school diploma.

Yes

Accepted by the military

Yes

No

Accepted by colleges

Yes

Maybe. It depends on the college.

Eligible for federal student aid for college

Yes

No

Accepted by employers

Yes

Maybe. It depends on the employer and the job qualifications.

Similar high school credentials

GED certificate: This isn’t the same as a high school diploma. However, a GED is usually accepted by the military, colleges, and employers in place of a high school diploma.

Vocational diploma: A diploma for a student who achieved the required technical skills for a certain job.

Honors diploma: A special high school diploma for a student who achieved a high academic level. This usually means earning a high grade-point average or passing advanced tests.