Consider the following scenario: Company XYZ has issued 120,000 shares of common stock, 10,000 of which are treasury stock. The company has also issued 5,000 shares of 6%, $50 par, preferred stock. If the company has declared $75,000 in dividends, how much will preferred stockholders receive?

Consider the following scenario: Company XYZ has issued 120,000 shares of common stock, 10,000 of which are treasury stock. The company has also issued 5,000 shares of 6%, $50 par, preferred stock. If the company has declared $75,000 in dividends, how much will preferred stockholders receive? 01. 02. 03. 04. Cannot be determined with the information provided. $3,125 $3,409 $15,000