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What is the total amount of dividends that the company pay

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Problem - As of 2017, Buttle Corp. has $10 par, 2% preferred stock, 5,200 shares outstanding, and $1 par common stock with 25,600 shares outstanding. The preferred stock is cumulative and preferred stockholders last received a dividend in 2014. If the company wants to distribute $4 per share to the common stockholders in 2017, what is the total amount of dividends that the company must pay at the end of the current year?

Reference no: EM132832534

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