Walla company has common and preferred stock outstanding as

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Reference no: EM13589475

Walla Company has common and preferred stock outstanding as follows:

Common stock:100,000 shares, $30 par value

8 percent preferred stock:10,000 shares, $100 par value

Dividends on preferred stock have not been paid for the last three years.

If the company pays a total of $120,000 in dividends, how much will the common stockholders receive per share if the preferred stock is not cumulative?

Dividend per share

How much will the common stockholders receive per share if the preferred stock is cumulative?

Reference no: EM13589475

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