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Tecate's outstanding share capital includes 47,000 shares of $9.60 cumulative preferred and 82,000 common shares, all is sued during the first year of operations. During
Tecate's outstanding share capital includes 47,000 shares of $9.60 cumulative preferred and 82,000 common shares, all is sued during the first year of operations. During its first four years of operations, the corporation declared and paid the following amounts in dividends: Required Calculate the total dividends paid in each year to each class of shareholders. Also determine the total dividends paid to each class over the four years
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