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Pearland, Inc. has 14,000 shares of preferred stock outstanding. The preferred stock has a $90 par value, a 5% dividend rate, and is noncumulative. If
Pearland, Inc. has 14,000 shares of preferred stock outstanding. The preferred stock has a $90 par value, a 5% dividend rate, and is noncumulative. If Pearland has sufficient funds to pay dividends, what i the total amount of dividends that will be paid out to preferred stockholders? (Round your answer to the nearest dollar.) O A. $90,000 O B. $12,600 O C. $252,000 O D. $63,000 McEwing, Inc. c ember 15, an $74.750 Com
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