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At the beginning of 2011 emily corporation issued 29000

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At the beginning of 2011, Emily Corporation issued 29,000 shares of $100 par, 6%, cumulative, preferred stock for $110 per share. No dividends have been paid to preferred or common shareholders. What amount of dividends will a preferred shareholder owning 100 shares receive in 2013 if Emily pays $1,000,000 in dividends?

Reference no: EM13575105

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