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D Question 3 Your Company has the following classes of stock: Noncumulative Preferred stock, 8%; $100 par 1,000 shares Common stock, $10 par 500,000
D Question 3 Your Company has the following classes of stock: Noncumulative Preferred stock, 8%; $100 par 1,000 shares Common stock, $10 par 500,000 shares 10 pts In the company's first year of operation, no dividends were paid. During the second year, Your Company paid cash dividends of $30,000. What is the dollar amount of the dividend that the common stockholders will receive? $0 $22,000 O $16,000 $ 8,000 $14,000
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