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Business, 18.11.2019 23:31 lolgirl9757

Outstanding stock of the teal mountain corporation included 39000 shares of $5 par common stock and 12500 shares of 5%, $10 par non-cumulative preferred stock. in 2016, teal mountain declared and paid dividends of $1950. in 2017, teal mountain declared and paid dividends of $19500. how much of the 2017 dividend was distributed to preferred shareholders?

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