Question
A share of5% preferred stock has a par value of $30 and market value of $100 . The owners of the preferred stock will receive
A share of5% preferred stock has a par value of $30 and market value of $100. The owners of the preferred stock will receive a cash dividendof: (Round your answer to the nearestcent.)
A.
$30.00 per share.
B.
$5.00 per share.
C.
$1.50 per share.
D.
$70.00 per share.
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College Accounting A Practical Approach
Authors: Jeffrey Slater, Brian Zwicker
12th Canadian edition
133133230, 978-0133133233
