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How much money will the common shareholders receive

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Question - For several years, Brady company has had  $150 million of no par common stock and $300 million of 4% cumulative preferred stock outstanding.  Brady Company's Board of Directors declared $47 million in cash dividends in 2016.  In 2014 and again in 2015, Brady Company declared and paid a total of $4 million in cash dividends each year.

How much money will the Common shareholders receive (in total) in cash dividends in 2016?

Reference no: EM131722358

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