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Business, 05.02.2020 21:41 alyssashae1818

Hometown grocery, inc. has 41,000 shares of common stock outstanding and 5,000 shares of preferred stock outstanding. the common stock is $6.00 par value; the preferred stock is 4% noncumulative with a $100.00 par value. on october 15, 2018, the company declares a total dividend payment of $55,000. 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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