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Keener Corporation has 15,000 shares of 10%, $50 par, noncumulative preferred stock outstanding and 25,000 shares of no-par common stock outstanding. At the end of
Keener Corporation has 15,000 shares of 10%, $50 par, noncumulative preferred stock outstanding and 25,000 shares of no-par common stock outstanding. At the end of 20X5, Keener Corporation declares a dividend of $150,000. No dividends were declared by Keener Corporation in 20X4.
What is the dividend per share to preferred and common?
A. $2.50 to preferred, $5.00 to common
B. $5.00 to preferred, $3.00 to common
C. $6.00 to preferred, $1.80 to common
D. $10.00 to preferred, $.00 to common.
(thank you!)
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