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Sheffield Corporation issued 1 4 6 , 0 0 0 , $ 4 . 5 0 cumulative preferred shares to fund its first investment in
Sheffield Corporation issued $ cumulative preferred shares to fund its first investment in wind generators. In its first
year of operations, it paid $ of dividends to its preferred shareholders. In its second year, the company paid dividends of
$ to its preferred shareholders.
a
Your answer is correct.
What is the total annual preferred dividend supposed to be for the preferred shareholders?
Preferred dividends $
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b
Your answer is partially correct.
Calculate any dividends in arrears in years and Do not leave any answer field blank. Enter for amounts.
Year $
Year $
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