Quincy inc. has 20000 shares of 10 par value common stock, Ask an Expert

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Quincy Inc. has 20,000 shares of $10 par value common stock and 1,000 shares of $100 par value, 9%, cumulative, preferred stock. No dividends were paid the previous year. This year Quincy wishes to distribute $30,000 in cash dividends. How much would the common stockholders receive?

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