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Yorks outstanding stock consist of 80,000 shares of non-cumulative 7.5% preferred stock with a $6 par value and also 20,000 shares of common stock with
Yorks outstanding stock consist of 80,000 shares of non-cumulative 7.5% preferred stock with a $6 par value and also 20,000 shares of common stock with a par value.
2013 40,000
2014 28,000
2015 200,000
2016 350,000
Determine the amount of dividends paid each year to each of the class of stockholders: preferred and common. Also compute the total dividends paid each class of stock for the four years combined. The same question above - expect the 80,000 shares are cumulative.
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