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Your Company has the following classes of stock: Cumulative Preferred stock, 6%; $100 par 3,500 shares Common stock, $3 par 50,000 shares Including the
Your Company has the following classes of stock: Cumulative Preferred stock, 6%; $100 par 3,500 shares Common stock, $3 par 50,000 shares Including the current year, no dividends have been paid in the last 3 years. In the current year, Your Company paid cash dividends of $75,000. What is the dollar amount of the dividend that the common stockholders will receive?
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