(Ch 4) If a company has 100,000 shares of its "$5 Cumulative Preferred Stock" Outstanding, and it
issues no dividend in its first year, $700,000 in dividends in its second year, and $1,800,000 in its third
year, how much of the dividends in year three would go to the COMMON shareholders?
$800,000
$1,000,000
$500,000
12.5 pts
$1,800,000
