Glow Corporation Has 50,000 Shares of Preferred Shares Outstanding, with Annual

Multiple Choice

Glow Corporation has 50,000 shares of preferred shares outstanding, with annual dividends paid at the rate of $1.50 per share. Glow also has 100,000 shares of common shares outstanding. If Glow declares a $250,000 dividend in 2020, each outstanding share of common shares would receive:

A) $1.50
B) $1.75
C) $1.17
D) $2.50