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Your Corporation has the following number of shares of stock outstanding: Noncumulative Preferred stock, 3%. $50 par 500 shares Common stock,$5 par 8,000 shares It
Your Corporation has the following number of shares of stock outstanding: Noncumulative Preferred stock, 3%. $50 par 500 shares Common stock,$5 par 8,000 shares It will distribute $8,000 to the two classes of stockholders this year. Including the current year, the preferred stock is two years in arrears ( have not been paid). How much of the dividend will the common stockholders receive
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