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Fit Street Inc. has 100,000 shares of $2 par common stock and 25,000 shares of $10 par, 6% preferred stock oustanding when they declare total
Fit Street Inc. has 100,000 shares of $2 par common stock and 25,000 shares of $10 par, 6% preferred stock oustanding when they declare total dividends of $42.000. If no preferred dividends are in arrears, how much of the total dividend will the preferred stockholders receive? Multiple Choice $42.000 $21000 7000 O 000
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