How will total dividend be divided between common stock

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Reference no: EM13141787

Mega, Inc., has common and 6 percent preferred stock outstanding as follows: Preferred stock: 10,000 shares, $ 100 par value, cumulative Common stock: 50,000 shares, $ 50 par value The company declares a total dividend of $ 200,000. If the dividends on preferred stock are one year in arrears ( in addition to the current year), how will the total dividend be divided between the common and preferred stock?

Reference no: EM13141787

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