Bordey Corporation's Board of Directors declared a dividend payment of $50,000. Bordey has outstanding 16,000 shares of $1 par value common stock and 13,000 shares of 6% $50 par value preferred stock.

What is the per share dividend amount that will be payed to the common stockholders?

Group of answer choices

$3.69

$0.23

$0.69

$3.00

$3.85