Oriole Transport has the following stock outstanding at December 31, 2022: 5% Cumulative preferred stock, $ 9.60
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Oriole Transport has the following stock outstanding at December 31, 2022:
5% Cumulative preferred stock, $9.60 Par | $31680 | |
Common stock, $0.10 Par | 12000 |
Oriole paid no dividends during 2021. During 2022, it declares $13000 of dividends. How much of the $13000 will preferred stockholders receive?
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