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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, $40 par value, 5,800 shares authorized, issued, and outstanding. b. The annual dividend on $1.75 cumulative preferred, 100,000 shares authorized, 60,000 shares issued, 53,000 shares outstanding. Last year's dividend has not been paid. c. The quarterly dividend on 11.0% cumulative preferred, $80 stated value, $104 liquidating value, 72,000 shares authorized, 62,400 shares issued and outstanding. No dividends are in arrears
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