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Pug Corporation has 25,000 shares of $10 par common stock outstanding and 35,000 shares of...

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Accounting

Pug Corporation has 25,000 shares of $10 par common stock outstanding and 35,000 shares of $100 par, 5% noncumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $375,000 dividend will be paid. What are the dividends per share for preferred and common, respectively?

Multiple Choice

$10.7; $0.0

$5.0; $8.0

$5.0; $5.7

None of these answer choices are correct

Answer & Explanation Solved by verified expert
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