Business, 21.12.2021 08:30 rimcdaniel2
51-A corporation had issued 40,000 shares of $50 par value, 12% preferred stock for $60 per share. The corporation declared the annual cash dividend when the stock was trading in the market at $55 per share. What is the amount of dividend per share?
a. $ 6.60
b. $ 1.92
c. $ 7.20
d. $ 6.00
Answers: 2
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51-A corporation had issued 40,000 shares of $50 par value, 12% preferred stock for $60 per share. T...
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