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Business, 02.12.2019 18:00 cameronbeaugh

Curtain co. paid dividends of $1,500; $3,000; and $4,000 during year 1, year 2, and year 3, respectively. the company had 700 shares of 3.5%, $100 par value preferred stock outstanding that paid a cumulative dividend. the amount of dividends received by the common shareholders during year 3 would be:
a. 2,450.b. $1,500.c. $950.d. $1,150.

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