What the common stockholders will receive

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Reference no: EM133001983

Problem 1: Crane Company has 154000 shares of $10 par value common stock and 77000 shares of $10 par value, 4%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Crane wishes to distribute $ 270000 as dividends, the common stockholders will receive

Reference no: EM133001983

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