Topper corporation has 60000 shares of 1 par value common

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Topper Corporation has 60,000 shares of $1 par value common stock and 16,000 shares of cumulative 7% , $100 par preferred stock outstanding. Topper has not paid a dividend for the prior year. If Topper declares a $1.95 par share dividend this year, what will be the total amount they must pay their shareholders?

Reference no: EM13480184

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