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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 8% cumulative preferred
Calculate the cash dividends required to be paid for each of the following preferred stock issues: Required: a. The semiannual dividend on 8% cumulative preferred $70 par value, 14,000 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 10.0% cumulative preferred, $70 stated value, $108 liquidating value. 42,000 shares authorized, 36,400 shares issued and outstanding. No dividends are in arrears. b Semi-annual dividend Cumulative dividend Quarterly dividend
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