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Daniel Corporation had net income for 2018 of $80,000. Daniel had 10,000 shares of common stock outstanding at the beginning of the year and 21,000
Daniel Corporation had net income for 2018 of $80,000. Daniel had 10,000 shares of common stock outstanding at the beginning of the year and 21,000 shares of common stock outstanding at the end of the year. There were 12,000 shares of preferred stock outstanding all year. During 2018, Daniel declared and paid preferred dividends of $20,000. On December 31, 2018, the market price of Daniel's common stock is $42.00 per share and the 2018? (Round any intermediate calculations and your final answer to the nearest cent.) O A. 19.12 OB. 11.03 O C. 10.85 D. 1434
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