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A corporation has $1,570,000 to distribute in dividends and did not distribute dividends the previous year. There are 150,000 shares of cumulative preferred stock that

A corporation has $1,570,000 to distribute in dividends and did not distribute dividends the previous year. There are 150,000 shares of cumulative preferred stock that earn dividends at $0.62 per share and 900,000 shares of common stock. How much per share does a common stockholder receive in dividends?

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