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How the dividends should be distributed to preferred stock

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Question: Pattering Corp has 4,000 shares of $10 par common stock outstanding and 1,000 shares of of $100 par 8% cumulative preferred stock outstanding. Pattering expects to pay annual dividends of $7,000, $9,000, $28,000, and $48,000 respectfully for the next four years.

Indicate how the dividends should be distributed to the preferred stock and common stock. Total and per share.

Reference no: EM132749527

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