✒️STOCKS
a share which entitles the holder to a fixed dividend, whose payment takes priority over that of common-stock dividends.
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PROBLEM:
Millares incorporated issued 300,000 shares of stocks. 25% of these are preferred stocks and the rest are common stocks. How many shares are common stocks?
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SOLUTION:
- 300,000 - 75,000 = 225,000
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✏️Answer
A. 225,000
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