how will the total dividend be divided between the common and preferred stock? a) Preferred stock dividends: b) Common stock dividends:
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- Fido Corporation has common and 5%
preferred stock outstanding as follows:
Preferred stock: 20,000 shares, $30 par value
Common stock: 60,000 shares, at $50 par value
The company declares a total dividend of $100,000. If the dividends on preferred stock are TWO years in arrears (in addition to the current year), how will the total dividend be divided between the common and preferred stock?
- a) Preferred stock dividends:
- b) Common stock dividends:
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