A corporation has 20,000 $8.00 preferred shares outstanding with a stated value of $2,000,000. Also, there are 20,000 common shares outstanding. If a $350,000 dividend is paid, how much goes to the preferred shareholders? Question 8 options: $350,000 $0 $160,000 Question 9 (1 point)

Assume the same facts as in question 15. What is the amount of dividends per share on common shares? Question 9 options:

$17.50 $8.00 $9.50