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Mathematics, 10.11.2020 05:40 andyboy336747

Terri’s Tires has issued 20,000 shares of cumulative preferred stock that will earn dividends at $0.86 per share; it has also issued 12,000 shares of common stock. $120,000 is available for dividends. How much will each share of common stock earn?

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Terri’s Tires has issued 20,000 shares of cumulative preferred stock that will earn dividends at $0....
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