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Seashell Company has 10,000 shares of 109, $20 par value preferred stock. Shea Company's cumulative preferred stock dividend rate is 10%. In 2007 and 2008

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Seashell Company has 10,000 shares of 109, $20 par value preferred stock. Shea Company's cumulative preferred stock dividend rate is 10%. In 2007 and 2008 no dividends were declared on preferred stock. In 2009. Seashell had a profitable year and decided to pay dividends to stockholders of both preferred and common stock. If they have $200,000 available for dividends in 2009, how much could it pay to the common stockholders? 5 140.000 5160.000 $180.000 o $200.000

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