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One company has $200,000 to distribute in dividends. There are 17,000 shares of preferred stock that earn dividends at $0.60 per share and 80,000 shares of common stock. How much per share does a common stockholder receive in dividends to the nearest cent?

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  1. 17,000 * 0.6 = 10,200

    200,000 - 10,200 = 189,800

    189,800 / 80,000 = 2.37

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    Ms. Sue
  2. Thank you.

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