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Outstanding stock of the Marigold Corporation included 43600 shares of $5 par common stock and 9800 shares of 5%, $10 par noncumulative preferred stock. In

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Outstanding stock of the Marigold Corporation included 43600 shares of $5 par common stock and 9800 shares of 5%, $10 par noncumulative preferred stock. In 2019. Marigold declared and paid dividends of $ 3700. In 2020, Marigold declared and paid dividends of $ 12000. How much of the 2020 dividend was distributed to preferred shareholders? O $5880 O $7100 $4900 O None of these answer choices are correct A stockholder who receives a stock dividend would O expect retained earnings to increase. O expect the par value of the stock to change. O own more shares of stock. O expect the market price per share to increase. T

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