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Oriole Company has outstanding 88000 shares of 5% preferred stock with a $10 par value and 146300 shares of $3 par value common stock. Dividends

Oriole Company has outstanding 88000 shares of 5% preferred stock with a $10 par value and 146300 shares of $3 par value common stock. Dividends have been paid every year except last year and the current year. If the preferred stock is cumulative and nonparticipating and $253500 is distributed, the common stockholders will receive

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