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Business, 06.08.2019 22:20 sosaucyy

Outstanding stock of the tamarisk, inc. included 44000 shares of $5 par common stock and 2 shares of 5%, $10 par non-cumulative preferred stock. in 2016, tamarisk declared and paid dividends of $4400. in 2017, tamarisk declared and paid dividends of $13200. how much of the 2017 dividend was distributed to preferred shareholders?

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