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The board of directors of a human resources outsourcing company has declared a dividend of $ 4 , 0 0 0 , 0 0 0

The board of directors of a human resources outsourcing company has declared a dividend of $4,000,000. The company has 600,000 shares of preferred stock that pay $0.70 per share and 1,800,000 shares of common stock.
(a)
What are the dividends (in $) due the preferred shareholders?
$
(b)
What is the dividend per share (in $) of common stock? (Round your answer to the nearest cent.)
$

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