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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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