a corporation has 10000 shares of 8 cumulative preferred stock and 20000 shares of common stock

| September 13, 2016

Question
a corporation has 10000 shares of 8 cumulative preferred stock and 20000 shares of common stock outstanding. par value for each is $100. no dividends were paid last year, but this year a $200000 dividend is paid. how much of this $200000 goes to the holders of preferred stock?

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