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Beagle Corporation has 18,000 shares of $10 par common stock outstanding and 11,000 shares of $100 par, 5.25% cumulative, nonparticipating preferred stock outstanding. Dividends have
Beagle Corporation has 18,000 shares of $10 par common stock outstanding and 11,000 shares of $100 par, 5.25% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $320,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively? |
$15.75; $8.15.
$5.25; $10.50.
$5.25; $8.15.
None of these answer choices is correct.
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