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ABC Cement manufacturing company has 4,000 stocks of 11.5%, OMR10 face value, preferred stock outstanding on December 31, 2015. On December 31, 2019, the board
ABC Cement manufacturing company has 4,000 stocks of 11.5%, OMR10 face value, preferred stock outstanding on December 31, 2015. On December 31, 2019, the board of directors declared an OMR 20,000 Cash dividend. How much amount of the dividend will be paid to the preference shareholders?
a- OMR 40,000
b-OMR 4,600
c-OMR 3,750
d-OMR 4,000
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