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Use the following information for the Exercises below. ( Algo ) Skip to question [ The following information applies to the questions displayed below. ]

Use the following information for the Exercises below. (Algo)
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[The following information applies to the questions displayed below.]
Year 1 total cash dividends $ 13,200
Year 2 total cash dividends 22,000
Year 3 total cash dividends 240,000
Year 4 total cash dividends 390,000
Exercise 11-12(Algo) Dividends on common and cumulative preferred LO C2
Yorks outstanding stock consists of 60,000 shares of cumulative 8.0% preferred stock with a $5 par value and also 280,000 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:
Note: Round your "Dividend per Preferred Share" answer to 3 decimal places.

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