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The shareholder's equity of Company A includes $250 million of $1 par common stock and $483 million of 4% cumulative preferred stock. The board of
The shareholder's equity of Company A includes $250 million of $1 par common stock and $483 million of 4% cumulative preferred stock. The board of directors of Company A declared cash dividends of $47 million in 2021 after paying $9 million in 2020 and $9 million in 2019. What amount of dividends will common shareholders receive in 2021? Round to the nearest million. Do not use dollar signs.
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