As of 2018, Firm A has $12 par, 5% preferred stock, 7,500 shares outstanding, and...
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Finance
As of 2018, Firm A has $12 par, 5% preferred stock, 7,500 shares outstanding, and $0.50 par common stock with 45,000 shares outstanding. The preferred stock is cumulative and preferred stockholders last received a dividend in 2016. If the company wants to distribute $2 per share to the common stockholders in 2018, what is the total amount of dividends that the company must pay in the current year?
$90,000
$94,500
$103,500
$99,000
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