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For the previous 3 years, the board of directors has declared no dividends. This year they declared a $240,000 dividend. There are 5,000 shares of

For the previous 3 years, the board of directors has declared no dividends. This year they declared a $240,000 dividend. There are 5,000 shares of common stock and 8,000 shares of 7%, $100 par value cumulative preferred stock outstanding? Find the dividend per share of cumulative preferred stock ? Find the dividend per share of common stock ?

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