How much will the preferred stock holders receive

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Reference no: EM131265226

Written, Inc. has outstanding 600,000 shares of $2 par common stock and 120,000 shares of no par 8% preferred stock is cumulative and non participating. Dividends have been paid in every year except the past two years and the current year. Assuming that $126,000 will be distributed as a dividend in the current year, how much will the preferred stock holders receive?

Reference no: EM131265226

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