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  3. 5 rt 2 of 2 42 pints york s outstanding stock cons

5 rt 2 of 2 42 pints York s outstanding stock consists of 60 000...

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5 rt 2 of 2 42 pints York s outstanding stock consists of 60 000 shares of cumulative 8 0 preferred stock with a 5 par value and also 280 000 shares of common stock with a 1 par value During its first four years of operation the corporation declared and paid the following total cash dividends Note Round your Dividend per Preferred Share answer to 3 decimal places Annual Preferred Dividend Year 1 Year 2 Year 3 Year 4 Totals Par Value per Preferred Share 5 00 Total Cash Dividend Paid Answer is complete but not entirely correct Dividend per Preferred Share 13 200 22 000 240 000 390 000 665 200 Dividend Rate Paid to Preferred 0 1 0 400 Paid to Common 13 200 22 000 240 000 X 390 000 x 665 200 Number of Preferred Shares Dividends in Arrears at year end 13 200 22 000 X 24 000 X 24 000 X 83 200 60 000 24 000 Preferred Dividend 0x 0x 216 000 X 366 000 X Return to question

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