Ivanhoe Corporation issued 910,000 of $1.40 noncumulative preferred stock. In its first year of operations, Ivanhoe paid

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Ivanhoe Corporation Issued 910 000 Of 1 40 Noncumulative Preferred Stock In Its First Year Of Operations Ivanhoe Paid 1 (272.92 KiB) Viewed 22 times

Ivanhoe Corporation issued 910,000 of $1.40 noncumulative preferred stock. In its first year of operations, Ivanhoe paid $828,100 of dividends to its preferred stockholders. In its second year, the company paid dividends of $700,700 to its preferred stockholders. (a) What is the total annual preferred dividend supposed to be for the preferred stockholders? Total annual preferred dividend $ 4