Question: Universal Brands International (UBI) has a cumulative preferred stock issue outstanding, which has a stated annual dividend of $8 per share The company has been

Universal Brands International (UBI) has a cumulative preferred stock issue outstanding, which has a stated annual dividend of $8 per share The company has been losing money and has not paid preferred dividends for the last five years There are 350,000 shares of preferred stock outstanding and 650,000 shares of common stock

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