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Question 10 lackson Paperclip Company has 4.000 shares of 6%,$100 par cumulative, non-particlipating preferred stock and 55.000 shares of $1 par common stock outstanding. The
Question 10 lackson Paperclip Company has 4.000 shares of 6%,$100 par cumulative, non-particlipating preferred stock and 55.000 shares of $1 par common stock outstanding. The company did not pay a dividend the previous two vears but declares and pays a cash dividend of $100,000 in the current year. How much cash will the common shareholders teceive from the dividend? $12088 $28,000 $52.000 $72000 NONE of the other answers are correct
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