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What is the dollar amount of the dividend

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Problem 1: Non-cumulative Preferred stock, 8%; $50 par1,500 shares Common stock, $10 par 500,000 shares. In the company's first year of operation, no dividends were paid. During the second year, Your Company paid cash dividends of $30,000. What is the dollar amount of the dividend that the common stockholders will receive?

Reference no: EM132754757

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