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A corporation has 25,000 shares of 14% preferred stock outstanding. Also, there are 25,000 shares of common stock outstanding. Par value for each is $100.

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A corporation has 25,000 shares of 14% preferred stock outstanding. Also, there are 25,000 shares of common stock outstanding. Par value for each is $100. If a $700,000 dividend is paid, what is the amount of dividends per share on common stock? A. $0.98 B. $28.00 C. $14.98 D. $14.00 E. None of these

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