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Snowman Company has 80,000 shares of $8 par, 9%, cumulative preferred stock outstanding and 140,000...

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Accounting

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Snowman Company has 80,000 shares of $8 par, 9%, cumulative preferred stock outstanding and 140,000 shares of $0.50 par common stock issued and 30,000 shares of treasury stock. Dividends were paid in full through 2018. In 2019 Snowman Company paid $30,000 of total dividends and in 2020 Snowman Company paid $60,000 in total dividends. Total dividends declared in 2021 were $200,000. What is the dividend per share that common stockholders will receive in 2021 (round to two decimals)? O $1.02 O $0.84 O $1.07 O $1.29 O None of the above

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