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Cheyenne Corporation issued 150,000, $5.70 cumulative preferred shares to fund its first investment in wind generators. In its first year of operations, it paid $448.000
Cheyenne Corporation issued 150,000, $5.70 cumulative preferred shares to fund its first investment in wind generators. In its first year of operations, it paid $448.000 of dividends to its preferred shareholders. In its second year, the company paid dividends of $1,262,000 to its preferred shareholders. What is the total annual preferred dividend supposed to be for the preferred shareholders? Preferred Dividends $ Question Part Score --/1 Calculate any dividends in arrears in years 1 and 2. (Do not leave any answer field blank. Enter O for amounts) Year 1: $ Year 2: $ Question Part Score --/2 If the preferred shares were noncumulative rather than cumulative, how much dividend would the company likely have paid its preferred shareholders in year 2? (Round the amount per share to 2 decimal places, eg. 12.50) The likely amount iss per share, for a total of $ Question Part Score --/2 Save for at Attempts:0 of 1 used Submit
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