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Flash Inc, has 20,000 shares of 8% preferred stock. The total par value of these shares is $50,000. The company issues a $40,000 total cash
Flash Inc, has 20,000 shares of 8% preferred stock. The total par value of these shares is $50,000. The company issues a $40,000 total cash dividend in 2021. How much will go to preferred shareholders and how much to common shareholders?
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