Sweet Company's outstanding shares consist of 1,200 4% non-cumulative preferred shares with a par value of $100 and 10,200 common shares with a par value of $10. During the first three years of operation, the corporation declared and paid the following total cash dividends.

	declared dividend
year 1	ps	2,200
year 2	ps	6,400
year 3	ps	33,000

What would be the total amount of dividends paid to preferred and common stockholders during the three-year period 

Answer rating: 100% (QA)

Total dividends paid to preferred stockholders Year 1 1200 x 100 x 4 4800 ... View the full answer