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cmartinez034 cmartinez034
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A year ago
Pratt Company

The Pratt Company earned $140,000 last year. The capital stock of the company consists of $600,000 of 8% cumulative preferred stock and $600,000 of common stock. The directors declared a dividend of half of the earnings. During the previous year, the company earned only enough to pay a 6% dividend on preferred stock.


Refer to Pratt Company. Compute the total amount that will be paid to the holders of common stock?
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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cryzazncryzazn
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cmartinez034 Author
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A year ago
Thanks
fgarza2146
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Correct Slight Smile TY
joyceess
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This helped my grade so much Perfect
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