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Pete's outstanding stock consists of (a) 13,000 shares of noncumulative 7.50% preferred stock with a $10 par value and (b) 40,500 shares of common stock
Pete's outstanding stock consists of (a) 13,000 shares of noncumulative 7.50% preferred stock with a $10 par value and (b) 40,500 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: 2013 $0 2014 30,000 2015 140,000 2016 196,000 What amount of dividends will common stockholders receive in 2014?
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