Ace corporation pays its cumulative preferred stock $1.95 per share. there are 40,000 shares of preferred and 80,000 shares of common. in 2014, 2015, and 2016, because of slowdowns in the economy, ace paid no dividends. now, in 2017, the board of directors has decided to pay out $600,000 in dividends. the common stockholders receive:
a. $312,000
b. $288,000
c. $366,000
d. $444,000
e. none of these
Answers: 3
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Ace corporation pays its cumulative preferred stock $1.95 per share. there are 40,000 shares of pref...
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