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A corporation has 35,000 shares of 14% preferred stock outstanding. Also, there are 35,000 shares of common stock outstanding. Par value for each is $100.
A corporation has 35,000 shares of 14% preferred stock outstanding. Also, there are 35,000 shares of common stock outstanding. Par value for each is $100. If an $850,000 dividend is paid, how much goes to the preferred stockholders? O A. None OB. $850,000 OC. $119,000 O D. $490,000 O E. $425,000
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