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The shareholders' equity of Red Enterprises includes $400 million of no par common stock and $500 million of 6% cumulative preferred sock. The board of
The shareholders' equity of Red Enterprises includes $400 million of no par common stock and $500 million of 6% cumulative preferred sock. The board of dictors of Red declared cach dividem of $70 million in 2021 after paying $18 million cash dividends in both 2020 and 2019. What is the amount of dividends common shareholders will move in 2017 O $16 million $24 million O $54 million O $18 million
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