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Jackson Co. has 80,000 shares of $120 par value, 5% cumulative preferred stock and 200,000 shares of $15 par value common stock. Jackson Co. declares
Jackson Co. has 80,000 shares of $120 par value, 5% cumulative preferred stock and 200,000 shares of $15 par value common stock. Jackson Co. declares and pays cash dividends amounting to $600,000. If no arrearage on the preferred stock exists, how much in dividends per share is paid to the common stockholders?
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