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Identifying and Analyzing Financial Statement Effects of Cash Dividends On its Form 10-K for the year ended December 31, 2015, Bank of America Corp.

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Identifying and Analyzing Financial Statement Effects of Cash Dividends On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported the following relating to dividends on its Series 5 Floating Rate Nan-cumulative Preferred stock. Dividend Payment Date Dividend Per Share 22-Feb-16 23-Nov-15 21-Aug-15 21-May-15 23-Feb-15 0.28891 0.28891 0.28891 0.28057 0.28891 There were 14058 million shares of this preferred stock outstanding throughout the year. Determine the total dividends that Bank of America paid during fiscal 201 S. Round answer to the nearest million. million

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