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Business, 05.05.2020 20:42 kahmir15

"Greg's Grocery, Inc. has 48,000 shares of common stock outstanding and 5,000 shares of preferred stock outstanding. The common stock is $5.00 par value; the preferred stock is 8% noncumulative with a $100.00 par value. On October 15, 2017, the company declares a total dividend payment of $57,000. What is the amount of dividend that will be paid for each share of common stock? (Round your answer to the nearest cent.)"

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