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Hometown Grocery,Inc.has 41,000 shares of common stock outstanding and 5000 shares of preferred stock outstanding.The common stock is $6.00 par value; the preferred stock is 4% noncumulative with a $100.00 par value.On October 15,2018,the company declares a total dividend payment of $55,000.What is the amount of dividend that will be paid for each share of common stock? (Round your answer to the nearest cent.)
Bipolar Cells
A type of neuron found in the retina, acting as an intermediary between photoreceptors and ganglion cells, transmitting visual information.
Ganglion Cells
Neurons located in the retina that receive visual information from photoreceptors and transmit it to the brain.
Input
Information or signals entering a system or process for evaluation, storage, or further processing.
Stirrup
A small, U-shaped bone in the middle ear that plays a critical role in the process of hearing by transmitting sound vibrations to the inner ear.
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