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How much would be paid to common stockholders

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Question - Rocky-Rococo has both common stock and preferred stock. Starting 1/1/21, the company has 140,000 common stock shares with $1 par and the company has 9,000 preferred stock shares of $5 par value, noncumulative, 25% preferred stock. If the first dividend of $20,000 is given out in 2021, how much would be paid to common stockholders?

Reference no: EM133093759

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