Shares of preferred stock outstanding

Reference no: EM13791557

National Health corporation (NHC) has a cumulative preferred stock issue outstanding, which has a stated annnual dividend of $8 per share. The company has been losing mone 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.

Reference no: EM13791557

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