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What is the amount of dividend

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Question - Occidental Produce Company has 40,000 shares of common stock outstanding and 2,000 shares of preferred stock outstanding. The common stock is $0.01 par value; the preferred stock is 4% non-cumulative, with $100 par value. On October 15, 2014, the company declares a total dividend payment of $40,000. What is the amount of dividend which will be paid for each share of common stock?

Reference no: EM132608034

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