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10 pts Question 19 Pear, Inc. was incorporated on January 1, Year 1. Peae issued 14,000 shares of common stock and 800 shares of preferred

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10 pts Question 19 Pear, Inc. was incorporated on January 1, Year 1. Peae issued 14,000 shares of common stock and 800 shares of preferred stock on that date. The preferred stock is cumulative, $100 par, with an 12% dividend rate. Pear has not paid any dividends yet. In Year 4, Pear had its first profitable year, and on November 1, Year 4. Pear declared a total dividend of 563,000. What is the total amount that will be paid to preferred shareholders? 5900 563.000

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