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15. Dividends in arrears are dividends on (a) cumulative preferred shares that have been declared but have not been paid. (b) non-cumulative preferred shares that
15. Dividends in arrears are dividends on (a) cumulative preferred shares that have been declared but have not been paid. (b) non-cumulative preferred shares that have not been declared for a given period of time (c) cumulative preferred shares that have not been declared for a given period of time. (d) common dividends that have been declared but have not been paid
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