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A company has 10,000 shares of $100 par value, 5% preferred stock outstanding and 100,000 shares of $10 par value common stock outstanding. What is
A company has 10,000 shares of $100 par value, 5% preferred stock outstanding and 100,000 shares of $10 par value common stock outstanding. What is the total dividend that must be paid for common stock to receive $1 per share?
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