Business, 07.05.2020 05:05 stephanieboyd
Colliers, Inc., has 110,000 shares of cumulative preferred stock outstanding. The preferred stock pays dividends in the amount of $2 per share, but because of cash flow problems, the company did not pay any dividends last year. The board of directors plans to pay dividends in the amount of $620,000 this year.
a. What amount will go to preferred stockholders?b. How much of the cash dividends will be available for common stockholders?
Answers: 2
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