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Calculate the cash dividends required to be paid for each of the following preferred stock issues: Required: a. The semiannual dividend on 7% cumulative preferred,
Calculate the cash dividends required to be paid for each of the following preferred stock issues: Required: a. The semiannual dividend on 7% cumulative preferred, $49 par value, 10,400 shares authorized, issued, and outstanding. b. The annual dividend on $2.25 cumulative preferred, 60,000 shares authorized, 36,000 shares issued, 31,800 shares outstanding. Last year's dividend has not been paid. C. The quarterly dividend on 14.0% cumulative preferred, $80 stated value, $108 liquidating value, 60,000 shares authorized, 52,000 shares issued and outstanding. No dividends are in arrears. a. Semi-annual dividend b. Cumulative dividend c. Quarterly dividend
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