Preferred dividends Acura Labs Inc. has an outstanding issue of preferred stock with a par value of $$100$ and an

$18\%$ annual dividend.

a$.$ The annual dollar dividend is $

$($Round to the nearest cent.$)$

b$.$ If it is paid quarterly, the amount paid each quarter will be $$.($Round to the nearest cent.$)$

c$.$ If the preferred stock is noncumulative and the board of directors has passed the preferred dividend for the last $2$

quarters, the amount that must be paid to preferred stockholders in the current quarter before dividends are paid to

common stockholders is $$.($Round to the nearest cent.$)$

d$.$ If the preferred stock is cumulative and the board of directors has passed the preferred dividend for the last $2$

quarters, the amount that must be paid to preferred stockholders in the current quarter before dividends are paid to

common stockholders is $$.($Round to the nearest cent.$)$