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How much in dividends if any will it pay

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Question 1: Antivirus inc. has 10,000 cumulative preferred shares that is entitled to dividends of $2.00 per share and 5,000 common shares. Last year due to poor earnings the Board of Directors did not declare any dividends. This year, due to higher earnings the Board of Directors has declared dividends of $100,000. If the company follows the residual dividend policy, how much in dividends, if any, will it pay

Reference no: EM132526157

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