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The company has 100,000 shares of authorized 6%, $5 par preferred stock, of which 50,000 is outstanding, and 60,000 is issued.If a dividend is paid,
The company has 100,000 shares of authorized 6%, $5 par preferred stock, of which 50,000 is outstanding, and 60,000 is issued.If a dividend is paid, how much will go to preferred stockholders?
None, dividends are paid to common stockholders
30,000
15,000
18,000
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