Question
Use this information for the next 4 questions. A company has an outstanding issue of $100.00 Par Value Preferred Stock. It recently declared a $7.00
Use this information for the next 4 questions. A company has an outstanding issue of $100.00 Par Value Preferred Stock. It recently declared a $7.00 Per Share Dividend on its Common Stock. How much will the company pay in Annual Pre-Share Preferred Dividends if the Preferred is $12.00 Preferred Stock? Answer as a dollar amount with 2 decimals, exclude the $ sign.
A company has an outstanding issue of $100.00 Par Value Preferred Stock. It recently declared a $7.00 Per Share Dividend on its Common Stock.
How much will the company pay in Annual Pre-Share Preferred Dividends if the Preferred Stock is 14%? Answer as a dollar amount with 2 decimals, exclude the $ sign.
A company has an outstanding issue of $100.00 Par Value Preferred Stock. It recently declared a $7.00 Per Share Dividend on its Common Stock.
How much will the company pay in Annual Pre-Share Preferred Dividends if the Preferred Stock is a $10.00 PARTIALLY participating preferred, requiring that the preferred dividend increases by $0.25 for every dollar that the common dividend exceeds $5.00? Answer as a dollar amount with 2 decimals, exclude the $ sign.
A company has an outstanding issue of $100.00 Par Value Preferred Stock. It recently declared a $7.00 Per Share Dividend on its Common Stock.
How much will the company pay in Annual Pre-Share Preferred Dividends if the Preferred Stock is a $6.00 FULLY participating preferred, requiring that the preferred dividend increase to equal the common dividend if the common stock exceeds $6.00? Answer as a dollar amount with 2 decimals, exclude the $ sign.
Use this information for the next 4 questions.
At the end of last year, a company had 12 million shares ($2.50 par value) outstanding and total owners' equity of $96 million. Net Income in the past year was $25 million and 11.6 million shares were outstanding on average during the year.
What is the remaining obligation per share, if any, of a shareholder who purchased shares from the company at $1.00 per share? Answer as a dollar amount with 2 decimals, exclude the $ sign.
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