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Total Questions: 15 Marble Ltd has the following information on its financial statement: $ 450,000 Preferred Stock 6%, 5100 par, cumulative, 10,000 shares authorized 750,000

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Total Questions: 15 Marble Ltd has the following information on its financial statement: $ 450,000 Preferred Stock 6%, 5100 par, cumulative, 10,000 shares authorized 750,000 Common stock, 53 par, 500,000 shares authorized, 250,000 issued 750,000 Paid-in capital - Preferred 3,000,000 Paid-in capital - Common Retained earnings 1.192,500 a. If Marble Ltd paid a total of $60,000 in dividends, how much would each common stockholder receive for each share of stock owned? (Assume there are no dividends in arrears.) b. If Marble Ltd did not pay a dividend for the last three years, but declared a dividend this year, how much will they have to declare in order for the common stockholders to receive $0.5 per share

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