Solution-Show how the dividend would be allocated

Show how the dividend would be allocated

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Reference no: EM13513138

A corporation has 100 shares of $100 par common stock outstanding and 100 shares of $50 par preferred stock, 8%. The total dividend declared is $30,000 and the preferred stock is fully participating. Show how the dividend would be allocated.

Reference no: EM13513138

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Show how the dividend would be allocated

Reference no: EM13513138

Reference no: EM13513138

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