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QUESTION 6 The following information will be used for quesbons 6 through 10 , it is recommended that the student calculate dividends for preferred stock

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QUESTION 6 The following information will be used for quesbons 6 through 10 , it is recommended that the student calculate dividends for preferred stock and comenon stock by year before answering the questions. XYz had 200,000 shares of its 520, par value, 6% cumulative preferred stock and 500,000,52 par value common shares outstanding for the past three years. During the past three years XYz declared and paid dividends as follows: Required Wequired. Determine the total dividends paid to preferred stockholders in Year 1 Round your answor to the nearest dotiar

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