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Ellie Inc. had 6.5%, $100 par value cumulative preferred stock. Dividends are paid quarterly, and there are 95,000 shares authorized, 65,000 shares issued, and 50,000
Ellie Inc. had 6.5%, $100 par value cumulative preferred stock. Dividends are paid quarterly, and there are 95,000 shares authorized, 65,000 shares issued, and 50,000 shares outstanding. a. Calculate the dividend payout for the full year. b. Calculate the dividend payout for each quarter. c. If dividends were not paid out for the previous 2 years, calculate the total dividend payout for this year (including the current year). d. Calculate the total par amount that would be reported on the balance sheet.
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