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Accounting
Required information [The following informotion applies to the questions displayed below] York's outstanding stock consists of 70,000 shares of noncumulative 7.5\% preferred stock with a $5 par value and also 120,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation dectared and paid the following total cash dividends: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Note: Round your "Dividend per Preferred Share" answer to 3 decimal places
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