Amount of dividends will shareholder owning

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Reference no: EM13145516

At the beginning of 2007, Emily Corporation issued 10,000 shares of $100 par, 5%, cumulative, preferred stock for $110 per share. No dividends have been paid to preferred shareholders. What amount of dividends will a shareholder owning 100 shares receive in 2009 if Emily pays $1,000,000 in dividends?

A. $ 500.

B. $ 1,500.

C. $ 1,650.

D. $10,000.

Reference no: EM13145516

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