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What are the dividends received by the preferred stockholder

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Question 1: Marigold Inc., has 1700 shares of 6%, $50 par value, cumulative preferred stock and 99100 shares of $1 par value common stock outstanding at December 31, 2021, and December 31, 2020. The board of directors declared and paid a $3500 dividend in 2020. In 2021, $23200 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2021?

Option 1: $16500
Option 2: $11600
Option 3: $6700
Option 4: $5100

Reference no: EM132893613

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