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Taco Inc has outstanding 10,000 $10 par value common shares and 500 $100 par value 5% cumulative preferred shares. No dividends were paid in 2018
"Taco Inc has outstanding 10,000 $10 par value common shares and 500 $100 par value 5% cumulative preferred shares. No dividends were paid in 2018 and 2019. In 2020, Taco declares a $40,000 cash dividend. What will will the preferred shareholders receive?" "$5,000" "$7,500" $0 "$2,500
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