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16 (4 Points): Company K has Preferred Stock on the balance sheet. They currently have 500,000 Preferred Shares Authorized and 100,000 Preferred Shares Issued and
16 (4 Points): Company K has Preferred Stock on the balance sheet. They currently have 500,000 Preferred Shares Authorized and 100,000 Preferred Shares Issued and 10,000 in Treasury Stock. The Preferred Stock is $5 Stock with a Par Value of $25 per share. a) When the Company declares a dividend, what is the Maximum amount PER SHARE that each shareholder can receive? b) When the Company declares a dividend, what is the Maximum amount IN TOTAL the Preferred Shareholders will receive
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