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Business, 22.04.2020 04:49 cancerbaby209

Has outstanding 600,000 shares of $2 par common stock and 120,000 shares of no-par 6% preferred stock with a stated value of $5. Dividends have been paid in every year except the past two years and the current year. Assuming that $270,000 is distributed, and the preferred stock is cumulative and participating, how much will the common stockholders receive

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