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Davis Corporation has 20,000 shares of $50 par, 6% cumulative preferred stock outstanding. In Davis Corporation has 100,000 shares of common stock issued and 20,000
Davis Corporation has 20,000 shares of $50 par, 6% cumulative preferred stock outstanding. In Davis Corporation has 100,000 shares of common stock issued and 20,000 shares in stock. Assuming there are three years of dividends in arrears, calculate the dividend per by the common shareholders if Davis Corporation declares a $450,000 cash dividend $2.10 $2.33
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