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Oriole Inc. declared a $160300 cash dividend. It currently has 6400 shares of 6%, $100 par value cumulative preferred stock outstanding. It is one year

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Oriole Inc. declared a $160300 cash dividend. It currently has 6400 shares of 6%, $100 par value cumulative preferred stock outstanding. It is one year in arrears on its preferred stock. How much cash will Oriole distribute to the common stockholders? $83500. O $76800. O $121900. None of these answers are correct

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