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Business, 20.12.2019 02:31 valentinethevast

At the beginning of 20x1, a company issues 100,000 shares of 4%, $10 par value, cumulative preferred stock. all remaining shares outstanding are common stock. the company does not pay any dividends in 20x1, but pays dividends of $100,000 at the end of 20x2. how much of the dividend will be paid to common stockholders in 20x2?

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