Homework Answers
Solution:
Annual preferred dividend = 9000*$10*7% = $6,300
Dividend paid to preferred shares in 2018 = current dividend + dividend in arrear of 2017
= 6300 + 6300 = $12,600
Dividend to common stockholders = Total dividend - preferred dividend = $54000 - $12600 = $41,400
Hence, option "C" is correct.
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