Wayne Enterprises declared annual cash dividends of $10 million, $12 million, and $50 Million in...
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Wayne Enterprises declared annual cash dividends of $10 million, $12 million, and $50 Million in its first three years of operation-2017, 2018, and 2019 respectively. Wayne also had $200 million of outstanding, cumulative and nonparticipating, preferred shares that yield 10%. How much in dividends did the common stock shareholders receive in 2019?
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