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The shareholders equity of MLS Enterprises includes $110 million of no par common stock and $220 million of 5% cumulative preferred stock. The board of
The shareholders equity of MLS Enterprises includes $110 million of no par common stock and $220 million of 5% cumulative preferred stock. The board of directors of MLS declared cash dividends of $34 million in 2016 after paying $5 million cash dividends in both 2015 and 2014. |
What is the amount of dividends common shareholders will receive in 2016? (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) |
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