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Halverstein Company's outstanding stock consists of 9,100 shares of cumulative 5% preferred stock with a $10 par value and 3,900 shares of common stock with

Halverstein Company's outstanding stock consists of 9,100 shares of cumulative 5% preferred stock with a $10 par value and 3,900 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends.

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