Compute the total amount that will be paid to the holders, Financial Management

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Compute the total amount that will be paid to the holders

The Scott Company earned $120,000 last year. The capital stock of the company consists of $400,000 of 7% preferred stock and $200,000 of common stock. The directors declared a dividend of 60% of the earnings. Compute the total amount that will be paid to the holders of common stock.

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Financial Management: Compute the total amount that will be paid to the holders

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