A bond issuer incurs a technical default when it ________.

Group of answer choices

fails to pay interest when due

declines to repay the principal when specified

fails to meet required debt covenants at year end

pays interest before it is due for payment

Betta Corp. has 65,000 shares of $3 par common stock and 25,000 shares of $20 par 7% cumulative preferred stock. The company declares cash dividends of $80,000 during the current year and there are $8,000 dividends in arrears. What will be the total dividend payment to common stockholders?

Group of answer choices

$37,000

$8,000

$43,000

$80,000