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Valley, Inc. has 1 0 , 0 0 0 shares of preferred stock outstanding. The preferred stock has a $ 1 6 0 par value,
Valley, Inc. has shares of preferred stock outstanding. The preferred stock has a $ par value, a dividend rate, and is noncumulative. If Valley has sufficient funds to pay dividends, What is the total amount of dividends that will be paid out to preferred stockholders?
A $
B $
C $
D $
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