Topper corporation has 80000 shares of 1 par value common

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Topper Corporation has 80,000 shares of $1 par value common stock and 52,000 shares of cumulative 6.6%, $100 par preferred stock outstanding. Topper has not paid a dividend for the prior year. If Topper declares a $1.45 per share dividend this year, what will be the total amount they must pay their shareholders?

Reference no: EM13584046

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