Question
Max Corporation has the below capital structure. Calculate the dividend distribution for the common shareholders and the preferred shareholders. **************** Other Facts 1) Preferred Stock
Max Corporation has the below capital structure. Calculate the dividend distribution for the common shareholders and the preferred shareholders. **************** Other Facts 1) Preferred Stock => Dividends in Arrears => 3 Years 2) Total Dividend Declared = $ 900,000 3) Preferred Shares Outstanding = 10,500 4) Preferred Stock Rate = 10% 5) Preferred Stock Par Value = $ 100 Per Share What is the second number of the amount that will be given to the preferred stockholders? Amount => _____ __?___ _____, ______ ______ ______ Group of answer choices
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