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Nutritious Pet Food Companys board of directors declares a cash dividend of $10,943 on June 30. At that time, there are 2,152 shares of $6
Nutritious Pet Food Companys board of directors declares a cash dividend of $10,943 on June 30. At that time, there are 2,152 shares of $6 par value 3% preferred stock outstanding and 4,726 shares of $8 par value common stock outstanding (none held in treasury). What is the amount of the common stock dividend? Round to the nearest penny, two decimals.
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