Jim Corporation pays its cumulative preferred stockholders $ 2 . 0 0 per share. Jim has 3
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Question:
Jim Corporation pays its cumulative preferred stockholders $ per share. Jim has shares of preferred and shares of common. In and due to slowdowns in the economy, Jim paid no dividends. Now in the board of directors decided to pay out $ in dividends.
How much of the $ does each class of stock receive as dividends?
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