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17 (5 Points): Company L has 50,000 shares of cumulative 5% preferred stock outstanding with a $5.00 par value. They also have 40,000 shares outstanding
17 (5 Points): Company L has 50,000 shares of cumulative 5% preferred stock outstanding with a $5.00 par value. They also have 40,000 shares outstanding of Common Stock with a $1.00 par value. The Company declared and paid the following dividends: Year 1: $10,000 Year 2: $12,000 Year 3: $20,000 Calculate the total Dividends AND the Dividends per share that the Preferred and Common Shareholders will receive in each year. Year 1: Total Dividends Dividends Per Share Year 2: Total Dividends Dividends Per Share Year 3: Total Dividends Dividends Per Share Preferred Common
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