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Beagle Corporation has 19,000 shares of $10 par common stock outstanding and 16,500 shares of $100 par, 5.75% cumulative, nonparticipating preferred stock outstanding. Dividends have
Beagle Corporation has 19,000 shares of $10 par common stock outstanding and 16,500 shares of $100 par, 5.75% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $430,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively? $5.75; $7.65. $17.25; $7.65. None of these answer choices is correct. $5.75; $11.50.
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