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Exercise 1 3 - 1 2 Dividends on common and cumulative preferred C 2 Use the data in Exercise 1 3 - 1 1 to
Exercise Dividends on common and cumulative preferred C
Use the data in Exercise to determine the amount of dividends paid each year to each of the
two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total
dividends paid to each class for the four years combined.
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