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ork s outstanding stock consists of 8 0 , 0 0 0 shares of cumulative 7 . 0 % preferred stock with a $ 5

orks outstanding stock consists of 80,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 140,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends:
Note: Round your "Dividend per Preferred Share" answer to 3 decimal places.

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