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Common Stock 5,000,000 shares authorized, 1,500,000 issued $180,000 Capital in excess of par value $15,000,000 Treasury Stock on Common 30,000 shares $303,600 Cumulative Preferred Stock
Common Stock 5,000,000 shares authorized, 1,500,000 issued $180,000
Capital in excess of par value $15,000,000
Treasury Stock on Common 30,000 shares $303,600
Cumulative Preferred Stock 2,000,000 shares authorized,
500,000 issued $2 Dividend $10 par, $5,000,000
Capital Surplus [Excess of paid in Capital] $12,500,000
Treasury Stock on Preferred Stock 25,000 shares $875,000
Retained Earnings $20,202,021
- How is a $6,000,000 cash dividend to be split between preferred and common stockholders? Show Work
- Suppose the company is 4 years behind in dividends what is the new split for the $6,000,000 dividend payment between preferred and common stockholders? Show work
- How many common stock shares are outstanding?
- What was the initial stock price per share of Common Stock?
- What was the initial stock price per share of the Preferred Stock?
- Using your answer to question one what is the payout rate per share for the preferred stock?
- Using your answer to question one what is the payout rate per share for common stock?
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