Solution-Find each outstanding ordinary shares would receive

Find each outstanding ordinary shares would receive

Reference no: EM132617657

Problem 1: The Floristan Company has 50,000 preference shares outstanding, with annual dividends paid at the rate of $2 per share. Floristan also has 100,000 ordinary shares outstanding. If the Floristan Company declares a $150,000 dividend, each outstanding ordinary shares would receive:

Option 1: $1.50.

Option 2: $1.00.

Option 3: $0.50.

Option 4: $2.00.

Option 5: None of the above.

Reference no: EM132617657

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Find each outstanding ordinary shares would receive

Reference no: EM132617657

Reference no: EM132617657

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