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Business, 30.10.2021 01:40 napoleonbrown

Merry Melon Fruit Company currently pays preferred stockholders a dividend of $1.50 per share and common stockholders a dividend of $1.00 per share. If the firm wants to raise the common stock dividend to $2.00 per share, it will also have to raise the preferred stock dividend to $2.00 per share. Which type of provision does Merry Melon have in its preferred stock agreements

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