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On June 1, 2022, Riffpad's board approved its first-ever cash dividend in an aggregate amount of $1 million. Assume that Riffpad has 100,000 shares of
On June 1, 2022, Riffpad's board approved its first-ever cash dividend in an aggregate amount of $1 million. Assume that Riffpad has 100,000 shares of common stock and 10,000 shares of Series A Preferred outstanding stock. How much money will you get of this $1 million if you own 1,000 shares of Riffpad common stock? How much would you get if you owned 1,000 shares of Series A Preferred
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