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How much cash crane distribute to the common stockholders

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Question - Crane Company declared a $225000 cash dividend. It currently has 11000 shares of 4%, $100 par value cumulative preferred stock outstanding. It is one year in arrears on its preferred stock. How much cash will Crane distribute to the common stockholders?

$88000.

$181000.

$137000.

None.

Reference no: EM132280310

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