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In 2015 a company issues 2,000 shares of 5% cumulative preferred in stock with par value $40. The company declared 2016, no dividend in 2017,

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In 2015 a company issues 2,000 shares of 5% cumulative preferred in stock with par value $40. The company declared 2016, no dividend in 2017, and a $13,000 dividend in 201 a $3,000 dividend 8. How much of the 2018 dividend goes to common shareholders 1. A. $9,000 B. $0 C. $13,000 D. $4,000 In 2015 a company issues 2,000 shares of 5% cumulative preferred stock with par value $40. The company declared a $3,000 dividend in 2016, no dividend in 2017, and a $13,000 dividend in 2018. 2. Assume the preferred stock is noncumulative. How much do common shareholders get in 2018? A. $9,000 / B. $O C. $13,000 D. $4,000

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