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Snacksters Corp. paid a total of $60,000 in dividends for the year. The corporation currently had 10,000shares of $5 par value common stock issued and
Snacksters Corp. paid a total of $60,000 in dividends for the year. The corporation currently had 10,000shares of $5 par value common stock issued and 5,000 of $5 cumulative preferred stock with a $100 parvalue. The corporation has paid dividends in all of the previous years. How much will each common andpreferred shareholder receive?
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