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What amount would be paid per share to common shareholder

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Question - A company earned $60,000 last year. The capital stock of the company consisted of 15,000 shares of 6% preferred stock with a par value of $45 per share and 60,000 shares of no-par common stock. A dividend on the entire earnings is declared. What amount would be paid per share to the common shareholder?

Reference no: EM133160888

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