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The outstanding stock of Google Corporation consists of 3,000 shares of $100 par value 7% preferred stock and 6,000 shares of $10 par value common
The outstanding stock of Google Corporation consists of 3,000 shares of $100 par value 7% preferred stock and 6,000 shares of $10 par value common stock. The company has not paid dividends for the last two years, but pays out $150,000 in dividends in the current year. Calculate the dividends paid to the common stockholders if the preferred stock is cumulative and fully participating:
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