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How much will go to preferred stockholders

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Question - The Company has 100,000 shares of authorized 6%, $5 par preferred stock, of which 50,000 is outstanding, and 60,000 is issued. If a dividend is paid, how much will go to preferred stockholders?

30,000

15,000

18,000

None, dividends are paid to common stockholders

Reference no: EM132158591

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