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Sonny's Sails has declared a $42.000 cash dividend to shareholders the company has 4 .000 shares of $17 - par. 4% preferred stock and 11.000
Sonny's Sails has declared a $42.000 cash dividend to shareholders the company has 4 .000 shares of $17 - par. 4% preferred stock and 11.000 shares of $15- per common stock. The preferred stock is not - cumulative How much will be distributed to the preferred and common stockholders on the date of payment? $2.720 preferred $39.280 common $42.000 preferred $0 common $39 280 preferred. $2.720 common S0 preferred. $42,000 common
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