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Discuss the company paid total cash dividends

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A company has 6,500 shares of $50 par value, 5.00% cumulative and nonparticipating preferred stock and 65,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $6,500 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is

Reference no: EM131751188

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