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Dollar General Corporation issues 5 million shares of common stock and 100,000 shares of 5...

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Accounting

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Dollar General Corporation issues 5 million shares of common stock and 100,000 shares of 5 percent cumulative preferred stock at$100 par. The corporation has not paid any dividends during the previous 3 years. The board of directors decides to pay $5 million in dividends for the current year. How much in dividends is paid in dividends for each share of preferred stock and what is the total amount of dividends paid to preferred stockholders? Dollar General Corporation issues 5 million shares of common stock and 100,000 shares of 5 percent cumulative preferred stock at $100 par. The corporation has not paid any dividends during the previous 3 years. The board of directors decides to pay $5 million in dividends for the current year. What is the total amount of dividends paid to common stockholders

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