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What amount of dividends will common stockholders receive

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Question - M. Bot Corporation has 12,000 shares of 9%, $100 par value, cumulative preferred stock outstanding at December 31, 2017. No dividends were declared in 2015 or 2016. If M. Bot wants to pay $350,000 of dividends in 2017, what amount of dividends will common stockholders receive?

Reference no: EM132099610

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