Wetzel, Inc. has 10,000 shares of cumulative preferred stock outstanding, with annual dividends paid at a...

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Wetzel, Inc. has 10,000 shares of cumulative preferred stock outstanding, with annual dividends paid at a rate of $4 per share. Wetzel, Inc. also has 40,000 shares of common stock outstanding. Preferred dividends were passed in the prior year. If Wetzel, Inc. declares a $400,000 dividend, each outstanding share of common stock would receive: (Round your final answer to the nearest cent.) O A. $10.00. B. $8.00. O C. $4.00. O D. $9.00. Wetzel, Inc. has 10,000 shares of cumulative preferred stock outstanding, with annual dividends paid at a rate of $4 per share. Wetzel, Inc. also has 40,000 shares of common stock outstanding. Preferred dividends were passed in the prior year. If Wetzel, Inc. declares a $400,000 dividend, each outstanding share of common stock would receive: (Round your final answer to the nearest cent.) O A. $10.00. B. $8.00. O C. $4.00. O D. $9.00.

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