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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 146,000,$4.50 cumulative preferred shares to fund its first investment in wind generators. In its first
year of operations, it paid $438,000 of dividends to its preferred shareholders. In its second year, the company paid dividends of
$876,000 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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Attempts: 1 of 2 used
Question Part Score
(b)
Your answer is partially correct.
Calculate any dividends in arrears in years 1 and 2.(Do not leave any answer field blank. Enter 0 for amounts.)
Year 1,$
Year 2 $
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