A corporation has 20,000 shares of 8 percent, $40 par-value cumulative preferred stock and 40,000 shares of $2 par-value common stock outstanding. Last year, no dividends were paid. This year, the board of directors decided to pay a dividend of $150,000. The common stockholders will receive a dividend of: Multiple Choice $0.55 a share. $4.30 a share. $2.15 a share. $1.10 a share.