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value common stock

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Wiley, Inc. has 50,000 shares of $10 par value common stock and 25,000 shares of $10 par value, 6%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Wiley wishes to distribute $135,000 as dividends, the common stockholders will receive;1. $80,000.;2. $105,000.;3. $30,000.;4. $55,000.

 

Paper#26156 | Written in 18-Jul-2015

Price : $32
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