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National Health Corporation ( N H C ) has a cumulative preferred stock issue outstanding, which has a stated annual dividend of $ 8 per
National Health Corporation has a cumulative preferred stock issue outstanding, which has a stated annual dividend of $ per share. The company has been losing money and has not paid preferred dividends for the last five years. There are shares of preferred stock outstanding and shares of common stock
a How much is the company behind in preferred dividends?
Note: Do not round intermediate calculations. Input your answer in dollars, not millions eg $
Answer is complete but not entirely correct.
tablePreferred dividends in arrears,$
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