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What is the cash dividend paid on common stock and preferred stock? During 2016 , the company sold 3,300 shares of common stock for $15
What is the cash dividend paid on common stock and preferred stock?
During 2016 , the company sold 3,300 shares of common stock for $15 per share and 230 shares of preferred stock for $125 per share. It also earned income of $92,000 and paid dividends of $9 per share on the preferred stock and $2.10 per share on the common stock outstanding at the end of 2016Step by Step Solution
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