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4. Smith & Co. has 20,000 shares of 1% cumulative preferred stock of $100 par and 100,000 shares of $50 par common stock. The following
4. Smith & Co. has 20,000 shares of 1% cumulative preferred stock of $100 par and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends. (10 points) Year 1 $10,000, Year 2 $45,000, Year 3 $80,000 Determine the dividends per share for preferred and common stock for each year
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