Question
Identifying and Analyzing Financial Statement Effects of Cash Dividends On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported
Identifying and Analyzing Financial Statement Effects of Cash Dividends On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported the following relating to dividends on its Series 5 Floating Rate Non-Cumulative Preferred stock.
| Dividend Payment Date | Dividend Per Share | |||
|---|---|---|---|---|
| 22-Feb-16 | 0.30003 | |||
| 23-Nov-15 | 0.30003 | |||
| 21-Aug-15 | 0.30003 | |||
| 21-May-15 | 0.29169 | |||
| 23-Feb-15 | 0.30003 | |||
There were 14,058 million shares of this preferred stock outstanding throughout the year. Determine the total dividends that Bank of America paid during fiscal 2015. Round answer to the nearest million. $Answer million
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Machine Learning In Finance From Theory To Practice
Authors: Matthew F Dixon, Igor Halperin, Paul Bilokon
1st Edition
3030410676, 978-3030410674
