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Calculate the annual cash dividends required to be...

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Calculate the annual cash dividends required to be paid for each of the following preferred stock issuances: (a.) $2.40 cumulative preferred, no par value; 600,000 shares authorized, 470,000 shares issued, 28,000 shares held as treasury stock. (b.) 10 percent, $50 par value preferred; 200,000 shares authorized, 124,000 shares issued and outstanding. (c.) 12.5 percent cumulative preferred, $40 stated value, $42 liquidating value; 140,000 shares authorized, 92,000 shares issued, 88,000 shares outstanding.

 

Paper#2895 | Written in 18-Jul-2015

Price : $25
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