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Beagle Corporation has 25,000 shares of $10 par common stock outstanding and 12,500 shares of $100 par, 6.00% cumulative, nonparticipating preferred stock outstanding. Dividends have
Beagle Corporation has 25,000 shares of $10 par common stock outstanding and 12,500 shares of $100 par, 6.00% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $350,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively?
A. $6.00; $12.00.
B. $18.00; $5.00.
C. $6.00; $5.00.
D. None of these answer choices is correct.
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