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Bratie Corporation has 1 2 , 0 0 0 shares of 8 % , $ 1 5 par cumulative preferred stock and 5 0 ,
Bratie Corporation has shares of $ par cumulative preferred stock and shares of common stock outstanding. Bratie declared no dividends in and had no dividends in arrears prior to In Bratie declares a total dividend of $ How much of the dividends go to the common stockholders?
A $
B $
C $
D None; it all goes to preferred stockholders.
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