Packers Co. had 7.5%, $10 par value cumulative preferred stock. Dividends are paid quarterly, and there are 500,000 shares authorized, 300,000 shares issued, and 200,000 shares outstanding.

a. Calculate the dividend payout for the full year.

b. Calculate the dividend payout for each quarter.

c. If dividends were not paid out for the previous 3 years, calculate the total dividend payout for this year (all 4 yrs).

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