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The outstanding stock of ABC Company includes 4 0 , 0 0 0 shares of $ 5 par common stock and 1 0 , 0
The outstanding stock of ABC Company includes shares of $ par common stock and shares of $ par noncumulative preferred stock. In the board of directors declared and paid $ in dividends. In the board declared and paid $ in dividends. How much of the dividend was allocated to preferred shareholders?
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