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Business, 18.11.2019 23:31 anna438

Luther inc., has 2,000 shares of 6%, $50 par value, cumulative preferred stock and100,000 shares of $1 par value common stock outstanding at december 31, 2010, anddecember 31, 2009. the board of directors declared and paid a $5,000 dividend in 2009.in 2010, $24,000 of dividends are declared and paid. what are the dividends received bythe preferred stockholders in 2010? a. $17,000b. $12,000c. $7,000d. $6,000

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