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What amount of dividends will a preferred shareholder owning

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Question - At the beginning of 2016, Alex Corporation issued 10,000 shares of $100 par, 5%, cumulative, preferred stock for $110 per share. No dividends have been paid to preferred or common shareholders. What amount of dividends will a preferred shareholder owning 100 shares receive in 2018 if Alex pays $1,000,000 in dividends?

Reference no: EM133127451

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