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Assume that Sandhill had 198,000 common shares and 7,000 56, cumulative preferred shares that were two years in arrears as at January 1.2022. How much
Assume that Sandhill had 198,000 common shares and 7,000 56, cumulative preferred shares that were two years in arrears as at January 1.2022. How much cash would be paid out in 2022, 2023, and 2024 to cach class of shareholder? Sandhill Company paid out cashidividends at the end of each year as follows
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