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15. Red Company has stock outstanding as follows: 10,000 shares of $4 cumulative preferred stock and 20,000 shares of common stock. During its first three

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15. Red Company has stock outstanding as follows: 10,000 shares of $4 cumulative preferred stock and 20,000 shares of common stock. During its first three years of operations, the following amounts were distributed as dividends: first year, $26,000; second year, $48,000; third $166,000. What is the dividend per share amount that the common shareholders received in Year 3? $

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