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Pug Corporation has 10,000 shares of $10 par common stock outstanding and 20,000 shares of $100 par, 6% noncumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $150,000 dividend will be paid. What are the dividends per share for preferred and common, respectively?
Federal Reserve
The central banking system of the United States, responsible for setting monetary policy, regulating banks, and providing financial services to the government.
Non-Amortized Debt
A loan in which the principal amount borrowed does not decrease through regular payments over the term of the loan.
Principal
The original sum of money borrowed in a loan or the initial amount of investment, excluding any interest or growth.
Maturity
The date on which a financial obligation must be repaid in full.
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