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Figurate Industries has 750,000 cumulative preferred shares outstanding. The company missed the last three quarterly dividends of $ 2.50 per share and now (at the
Figurate Industries has 750,000 cumulative preferred shares outstanding. The company missed the last three quarterly dividends of $ 2.50 per share and now (at the end of the current quarter) wants to distribute a total of $ 12 million to its shareholders. If Figurate has 3 million common shares outstanding, what will be the amount of dividend per common share that it will be able to pay?
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