How much dividend will be paid to preferred? stockholders

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Question - Organic? Produce, Inc. has 42,000 shares of common stock outstanding and 7,000 shares of preferred stock outstanding. The common stock is $0.04 par? value; the preferred stock is 6?% noncumulative with a $100 par value. On October? 15, 2025, the company declares a total dividend payment of $58,000. How much dividend will be paid to the preferred? stockholders?

Reference no: EM132986171

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