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Question 14 0.5 pts Apricot Corporation has 10,000 shares of 10%, $107 par noncumulative preferred stock outstanding and 28,000 shares of no-par common stock outstanding.
Question 14 0.5 pts Apricot Corporation has 10,000 shares of 10%, $107 par noncumulative preferred stock outstanding and 28,000 shares of no-par common stock outstanding. At the end of the current year, the corporation declares a dividend of $220,000. What is the dividend per share for preferred stock and for common stock? (Round your answer to the nearest cent.) The dividend per share is $7.88 to preferred stock and $4.04 to common stock. The dividend per share is $10.70 to preferred stock and $4.04 to common stock. The dividend per share is $10.70 to preferred stock and $26.17 to common stock. The dividend per share is $10.70 to preferred stock and $10.70 to common stock
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