A corporation has 1,000 shares of 10%, $50 par-value preferred stock and 10,000 shares of $5 par-value common stock outstanding. If the board of the directors decides to distribute dividends totaling $40,000, the common stockholders will recieve a dividend of _______ a share. a) $5.00 b) $4.00 c) $3.50 d) $3.75