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At the beginning of 2009, Emily Corporation issued 19,000 shares of $100 par, 8%, cumulative, preferred stock for $110 per share. No dividends have been paid to preferred shareholders. What amount of dividends will a shareholder owning 100 shares receive in 2011 if Emily pays $1,000,000 in dividends?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9990099

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