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  • May 26, 2012, 11:12 PM
    BNHH4life
    Dividends on noncumulative preferred stock and common stock
    IGC has outstanding 40,000 share os noncumulative, 10 percent, $100 par-value preferred stock and 70,000 shares of no-par-value common stock. IGC paid out $360,000 dollare in dividends for the year. What amount will be paid on each share of preferred stock and common stock?

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