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Nadal, Inc. has 205,000 shares of $10 par value common stock and 51,250 shares of $10 par value 3%, cumulative, participating please make sure my work is correct, thanks!
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Answer #1

The amount of dividends common stock will receive = $314,250

Preferred Stock : 51,250 x $10 x 3% ; 15,375 x 2 years = $30,750

Common Stock : 345,000 - 30,750 = $314,250

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