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FIFA Industries has 750,000 shares of cumulative preferred stock outstanding. It has passed the last three quarterly dividends of US$2.50 per share and now (at
FIFA Industries has 750,000 shares of cumulative preferred stock outstanding. It has passed the last three quarterly dividends of US$2.50 per share and now (at the end of the current quarter) wishes to distribute a total of US$12 million to its share- holders. If FIFA has 3 million shares of common stock outstanding, how large a per-share common stock dividend will it be able to pay
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