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2) SSC has issued 100,000 shares of preferred shares. The preferred shares have a par value of $100 / share and a 5% dividend rate.

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2) SSC has issued 100,000 shares of preferred shares. The preferred shares have a par value of $100 / share and a 5% dividend rate. a) If SSC declares a preferred stock cash dividend, how much cash will each share receive? b) If SSC has only $10,000 available for dividends, how much money will be paid to preferred shareholders, and how much will be paid to common shareholders? c) If SSC has $700,000 available to pay shareholder dividends, how much money will be paid to preferred shareholders, and how much will be paid to common shareholders? d) If the preferred shares are "cumulative preferred shares, and due to financial reasons SSC must skip a dividend and not pay preferred shareholders, what must happen before SSC is legally allowed to pay any dividends to common shareholders

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