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A corporation has 10,000 shares of 14%, $106.00 par noncumulative preferred stock outstanding and 26,000 shares of nominuspar common stock outstanding. At the end of
A corporation has 10,000 shares of 14%, $106.00 par noncumulative preferred stock outstanding and 26,000 shares of nominuspar common stock outstanding. At the end of the currentyear, the corporation declares a dividend of $220,000.
What is the dividend per share for preferred stock and for commonstock? (Round your answer to the nearestcent.)
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