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Zaho Corp. had 50,000 shares of 4%, $100 par cumulative preferred stock outstanding on Dec. 1, 2011. Zaho's board of directors declared a $750,000 cash

Zaho Corp. had 50,000 shares of 4%, $100 par cumulative preferred stock outstanding on Dec. 1, 2011. Zaho's board of directors declared a $750,000 cash dividend, payable on Dec. 31, 2011. How much will the preferred shareholders receive if no dividend were declared in 2010

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