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Business, 18.11.2019 23:31 trapqueenriz12

Organic produce, inc. has 49,000 shares of common stock outstanding and 6,000 shares of preferred stock outstanding. the common stock is $0.08 par value; the preferred stock is 4% noncumulative with a $100.00 par value. on october 15, 2019, the company declares a total dividend payment of $56,000. how much dividend will be paid to the preferred stockholders?

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