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Curtain Company paid dividends of $6,000, $9,500, and $12,000 during Year 1, Year 2, and Year 3, respectively. The company had 1,300 shares of
Curtain Company paid dividends of $6,000, $9,500, and $12,000 during Year 1, Year 2, and Year 3, respectively. The company had 1,300 shares of 6.5%, $100 par value preferred stock outstanding that paid a cumulative dividend. What is the total amount of dividends paid to common shareholders during Year 3? Multiple Choice $2,150 $2,450 $3,500 $8,450
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