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Cumulative preferred stock with a face value of $100 million has a stated dividend of 2.5%. Preferred dividends were not paid for the two previous

  1. Cumulative preferred stock with a face value of $100 million has a stated dividend of 2.5%. Preferred dividends were not paid for the two previous years. The company intends to pay dividends of $8 million this year. Calculate the amount of the common dividend.

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