Final answer:
The correct use of the common homophone 'its/it's' is shown in the sentence: 'The overplayed song has lost its appeal for me.'
Step-by-step explanation:
The sentence that shows the correct use of the common homophone 'its' is: 'The overplayed song has lost its appeal for me.' In this sentence, 'its' is used as a possessive pronoun to show that the appeal belongs to the song. On the other hand, 'it's' is a contraction of 'it is' or 'it has'.
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