Pearland Inc.has 5,000 shares of preferred stock outstanding.The preferred stock has a $90 par value,a 5% dividend rate,and is noncumulative.If Pearland has sufficient funds to pay dividends,what is the total amount of dividends that will be paid out to preferred stockholders?

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The Answer of Pearland Inc.has 5,000 shares of preferred stock outstanding.The preferred stock has a $90 par value,a 5% dividend rate,and is noncumulative.If Pearland has sufficient funds to pay dividends,what is the total amount of dividends that will be paid out to preferred stockholders?