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Current Attempt in Progress Bridgeport Corporation issued 170.000, $4.40 cumulative preferred shares to fund its first investment in wind generators. In its first year of
Current Attempt in Progress Bridgeport Corporation issued 170.000, $4.40 cumulative preferred shares to fund its first investment in wind generators. In its first year of operations, it paid $378,000 of dividends to its preferred shareholders. In its second year, the company paid dividends of $1,118,000 to its preferred shareholders. What is the total annual preferred dividend supposed to be for the preferred shareholders? $ Preferred Dividends 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: $ 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 is $ per share, for a total of $ Attempts: 0 of 1 used Sul ater
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