Question
(Preferred dividend) a company has an outstanding issue of $100.00 par value per stock. it recently declared at $7.00 per par share dividend on its
(Preferred dividend) a company has an outstanding issue of $100.00 par value per stock. it recently declared at $7.00 per par share dividend on its common stock. how much will the company pay in annual per-share preferred dividends if the preferred is (a) $12.00 preferred stock (b) 14% preferred stock (c) $10.00 partially participating preferred requiring that the preferred dividend increase by $0.25 for every dollar the common dividend exceeds $5.00 (d) $6.00 fully participating preferred, requiring that the preferred dividend increase equal the common dividend if the latter exceeds $6.00?
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