Reference no: EM13568558

Calculate the annual cash dividends required to be paid for each of the following preferred stock issuances: $2.40 cumulative preferred, no par value; 600,000 shares authorized, 470,000 shares issued, 28,000 shares held as treasury stock.10 percent, $50 par value preferred; 200,000 shares authorized, 124,000 shares issued and outstanding. 12.5 percent cumulative preferred, $40 stated value, $42 liquidating value;140,000 shares authorized, 92,000 shares issued, 88,000 shares outstanding.