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York s outstanding stock consists of 7 0 , 0 0 0 shares of cumulative 6 . 0 % preferred stock with a $ 5
Yorks outstanding stock consists of shares of cumulative preferred stock with a $ par value and also shares of common stock with a $ par value. During its first four years of operation, the corporation declared and paid the following total cash dividends:
Year total cash dividends $
Year total cash dividends
Year total cash dividends
Year total cash dividends
Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common.
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