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Platinum Garde Corporation has 5 0 , 0 0 0 0 shares of $ 1 . 7 5 preferred stock outstanding in addition to its

Platinum Garde Corporation has 50,0000 shares of $ 1.75 preferred stock outstanding in addition to its common stock. The $1.75 designation means that the preferred stockholders receive an annual cash dividend of per share. In 2021, Platinum Garde declares an annual dividend of $500,000. The allocation to preferred and common stockholders is:
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