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Compute the dividends paid each year to each

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Question

Green Planet Corp. has (a) 5,000 shares of cumulative 10% preferred stock with a $2 par value and (b) 17,000 shares of common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Compute the dividends paid each year to each of the two classes of stockholders: preferred and common.

Year 1 total cash dividends $800

Year 2 total cash dividends $1,700.

Reference no: EM132385781

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