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Question 20 14 pts Heidi, Inc. has $800,000 of 6% preferred stock and $ 1,200,000 of common stock outstanding, each having a par value of

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Question 20 14 pts Heidi, Inc. has $800,000 of 6% preferred stock and $ 1,200,000 of common stock outstanding, each having a par value of $10 per share. No dividends have been paid or declared during 20X1 and 20x2 As of Decerer 31, 20x it is desired to distribute $396,000 in dividends Required: How much will the preferred and common stockholders receive under each of the following assumptions: a. The preferred is noncumulative and nonparticipating b. The preferred is cumulative and nonparticipating c. The preferred is cumulative and fully participating d. The preferred is cumulative and participating up to an additional 4%. HTMI Editorh

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