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A company has 10.00 million shares of $2.00 par common stock and 1.0 millon shares of $4.00 par preferred stock outstanding. The preferred stock has
A company has 10.00 million shares of $2.00 par common stock and 1.0 millon shares of $4.00 par preferred stock outstanding. The preferred stock has an 8 dividend rate. The company declares $300,000 in total dividends for the yeat. Which of the following is correct if the preferred stockholders only have a curres dividend preference? Multipte Chotce Preferted stockhokers will recevo the entire $300000, and they must aso be paid $20.000 sometime in the futue before comtimon stocklokers wit recetve artything Preferred stocktiolders wil recrtvo the emtie $300,000, and they must aso be paid $20000 before the end of me cuitent accounting period Conmoa stocktolders witi recelve noting Proleted stockhdders wit recelve $24.000 or 86 of the todal divilenes. Cominon stociholdeis wit recceve the remainung $270,000 receive noturn
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