(Answered) The board of directors of micro-fine fabricators inc has

Finance

The board of directors of Micro-Fine Fabricators, Inc., has declared a dividend of $16,000,000. The company has 800,000 shares of preferred stock that pay $4.90 per share and 8,200,000 shares of common stock. What are the dividends due the preferred shareholders? What is the dividend per share of common stock?

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