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The shareholders equity of MLS Enterprises includes $100 million of no par common stock and...

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Accounting

The shareholders equity of MLS Enterprises includes $100 million of no par common stock and $200 million of 6% cumulative preferred stock. The board of directors of MLS declared cash dividends of $31 million in 2016 after paying $7 million cash dividends in both 2015 and 2014. What is the amount of dividends common shareholders will receive in 2016?

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