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yorks outstanding stock consists of 65,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also a 220,000 shares of common stock
yorks outstanding stock consists of 65,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also a 220,000 shares of common stock with a $1 par value, During its first 4 years of operation , the corporation declared and paid the followimg total cash dividends year 1 $9300 Year 2 17,000 year 3 210,000 year 4 360,000 determine the amount of dividends paid each year to each of the two classes of stockholders preferred and common
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