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cullumber corporation issued 880000 of $1.30 noncumulative preferred stock. in its first year of operations, cullumber paid $743600 of dividends to its preferred stockholders. in
cullumber corporation issued 880000 of $1.30 noncumulative preferred stock. in its first year of operations, cullumber paid $743600 of dividends to its preferred stockholders. in its second year, the company paid dividends of $629200 to its preferred stockholders
a. what is the total annual preferred dividend supposed to be for the preferred stockholders? 1144000
b. calculate any dividends in areas in years 1 and 2. assume that the preferred stock is culmative rather than noncumulative.
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