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[The following information applies to the questions displayed below.] Year 1 total cash dividends $ 18,600 Year 2 total cash dividends 28,000 Year 3 total
[The following information applies to the questions displayed below.]
Year 1 total cash dividends | $ 18,600 |
---|---|
Year 2 total cash dividends | 28,000 |
Year 3 total cash dividends | 270,000 |
Year 4 total cash dividends | 420,000 |
Yorks outstanding stock consists of 75,000 shares of cumulative 8.0% preferred stock with a $5 par value and also 130,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: (Round your "Dividend per Preferred Share" answer to 3 decimal places.)
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