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Calculate the amount of dividends that would have been paid

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On January 1, 2011, Zebra Hotels had 30,000 preferred shares (book value $150,000) and 50,000 common shares (book value $500,000) outstanding. Annual preferred dividend was $0.45 per share. Total dividends paid were $0 in 2011, $13,500 in 2012, $82,500 in 2013, and $29,000 in 2014. There were no dividends in arrears at the beginning of 2011.

Required:

Problem 1: Calculate the amount of dividends that would have been paid to each share class for each year

Reference no: EM132704036

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