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What is the total amount of dividends

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Question - ?Valley, Inc. has 6,000 shares of preferred stock outstanding. The preferred stock has a $160 par? value, a 15?% dividend? rate, and is noncumulative. If Valley has sufficient funds to pay? dividends, what is the total amount of dividends that will be paid out to preferred? stockholders?

Reference no: EM133021324

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