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Question 27 (3 points) . Roberts, Inc. has 5,000 shares of $5 par, 3% cumulative preferred stock outstanding and 25,000 shares of $2 par common
Question 27 (3 points) . Roberts, Inc. has 5,000 shares of $5 par, 3% cumulative preferred stock outstanding and 25,000 shares of $2 par common stock outstanding. No dividends have been paid for the past two years. If the company wishes to distribute $2 per share to the common stockholders, what is the total amount of dividends that must be paid in the current year? $52,250 $50,750 $50,000 O$ 2,250 Question 28 (3 points) Prady, Inc. began operations on October 1, 2009, with 3,000 shares of $2 par common stock authorized. Prady issued all of its common stock during 2009 and 2010. On December 31, 2010, Prady repurchased 1,000 shares of its outstanding shares, then reissued 500 of these shares on March 1, 2011. On June 1, 2011, Prady declared a 2-for-1 stock split. As a result of this stock split, which of the following is true? Assets decreased. Stockholders' equity decreased. Stockholders' equity increased. Total stockholders' equity remained the same. Question 29 (3 points) Convertible bonds are attractive to bondholders because they usually carry a higher rate of interest than non-convertible bonds. Othey carry a convertible interest rate that can be increased when the market rate of interest increases. Othey can be converted into stock at the bondholder's option. the issuing company cannot retire the bonds before maturity
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