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Calgary Corporation's Board of Directors declared a dividend payment of $60,000. Calgary has outstanding 10,000 shares of $1 par value common stock and 14,000 shares

Calgary Corporation's Board of Directors declared a dividend payment of $60,000. Calgary has outstanding 10,000 shares of $1 par value common stock and 14,000 shares of 4% $100 par value preferred stock.

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

Group of answer choices

$3.00

$0.40

$4.29

$0.20

$4.00

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