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Brambleinc declared a $84500 cash dividend. It currently has 3600 shares of 5%,$100 par value cumulative preferred stock outstanding. It is one year in arrears

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Brambleinc declared a $84500 cash dividend. It currently has 3600 shares of 5%,$100 par value cumulative preferred stock outstanding. It is one year in arrears on its preferred stock. How much cash will Bramble distribute to the common stockholders? $48500 518000. $66500 None of these answers are correct

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