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A corporation has $1,750,000 to distribute in dividends and did not distribute dividends the previous year. There are 50,000 shares of cumulative preferred stock that
A corporation has $1,750,000 to distribute in dividends and did not distribute dividends the previous year. There are 50,000 shares of cumulative preferred stock that earn dividends at $0.91 per share and 800,000 shares of common stock. How much per share does a common stockholder receive in dividends? A common stockholder receives $ per share. (Round to the nearest cent as needed.)
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