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Beagle Corporation has 28,000 shares of $10 par common stock outstanding and 15,000 shares of $100 par, 5.00% cumulative, nonparticipating preferred stock outstanding. Dividends have

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Beagle Corporation has 28,000 shares of $10 par common stock outstanding and 15,000 shares of $100 par, 5.00% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $400,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively? Multiple Choice $5.00, $10.00 $15.00: $6.25 $5.00, $6.25 O None of these answer choices are correct

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