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York's outstanding stock consists of 8 0 , 0 0 0 shares of cumulative 7 . 5 % preferred stock with a $ 5 par
York's 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:
Required: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common.
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