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Company X, has cumulative preferred stock outstanding that calls for quarterly dividend payments of $2.25 per share. The firm has not paid these preferred dividends

Company X, has cumulative preferred stock outstanding that calls for quarterly dividend payments of $2.25 per share. The firm has not paid these preferred dividends for the past three quarters. What amount per share must be paid to the preferred shareholders this quarter if the firm also wants to pay a dividend on its common stock?

Multiple Choice

$13.50

$4.50

$9.00

$6.75

$11.25

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