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York's outstanding stock consists of 58,000 shares of cumulative 7.50% preferred stock with a exist10 par value and also 145,000 shares of common stock with
York's outstanding stock consists of 58,000 shares of cumulative 7.50% preferred stock with a exist10 par value and also 145,000 shares of common stock with a exist1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined
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