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Question 1 

1. If a company has 150 shares of common stock and $15,000.00 to be distributed to its holders, how much would each share receive

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A. $100

B. $50

C. $125

D. $150

Question 2 

2. What type of stock receives an equal part of the profits on each share to be distributed after all other obligations of a company have been satisfied? 

A. Cumulative preferred

B. Preferred

C. No-par

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