Find What total amount of dividends must Willow Run declare

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Question 1: Willow Run Mall, Inc., has 2,500 shares of 1%, $40 par cumulative preferred stock and 200,000 shares of $1 par common stock outstanding. At the beginning of the current year, preferred dividends were four years in arrears. Willow Run's board of directors wants to pay a $1.25 cash dividend on each share of outstanding common stock in the current year. To accomplish this, what total amount of dividends must Willow Run declare?

A. $255,000

B. $254,000

C. $250,000

D. Some other amount

Reference no: EM132599462

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