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Northshore has 1 5 0 0 0 0 0 shares of $ 1 par value common stock and 7 5 0 0 0 shares of
Northshore has shares of $ par value common stock and shares of $ par value, cumulative preferred stock outstanding. Dividends on the preferred stock are one year in arreas. Assuming that Northstone wishes to distribute $ as dividends, the common stockholders will receive
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