ABC corporation declares a $2 million dividend.It had issued one million shares of common stock and 500 thousand shares of preferred stock.If preferred shares have a par value of $50 and a preferred dividend of 4 percent,what is the preferred dividend?

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The Answer of ABC corporation declares a $2 million dividend.It had issued one million shares of common stock and 500 thousand shares of preferred stock.If preferred shares have a par value of $50 and a preferred dividend of 4 percent,what is the preferred dividend?

ABC Corporation Declares a $2 Million Dividend