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Your Company will distribute $50,000 to the two classes of stockholders this year. Including the current year, the preferred stock has not received a dividend
Your Company will distribute $50,000 to the two classes of stockholders this year. Including the current year, the preferred stock has not received a dividend for the last five years. What is the dollar amount of the dividend that the common stockholders will receive? It has the following number of shares of stock outstanding at the dividend date: Cumulative Preferred stock, 4%, $75 par 1,500 shares Common stock, $10 par 10,000 shares
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