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Imagine Corporation paid $150,000 in dividends. The corporation had 10,000 shares of common stock outstanding and 5,000 shares of $100 par value 6% preferred stock. The preferred stock was two years in arrears prior to the current year. How much was paid to the common stockholders?
a. $150,000
b. $30,000
c. $60,000
d. $90,000
a stock index with a dividend yield of 2.2nbsp per annum with continuous compounding is currently standing
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