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Question - Amrit Corporation has outstanding share capital consists of
Preferred shares outstanding: 3,000 shares $300,000
Common shares outstanding: 7,000 shares $280,000
The preferred shares carry a dividend of $6 per share and have a $100 stated value. The company decided to pay $115,000 in dividends and that preferred dividends were not paid during the two years preceding the current year, state how much each class of shares should receive under each of the following condition.
1. The preferred shares are cumulative and participating. Do not round intermediate calculations but round answers to the nearest dollar.
2. The preferred shares are cumulative and non-participating.
Jackson Corportion, What is the current market price of bonds? Round your answer to the nearest cent.The bonds have a yield to maturity of 8%.
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Sale of the product began in 2012. Illustrate what amount of the above expenditures would Cromartie expense in its 2011 income statement?
How much will be the future worth of money after 12 months if the sum of 35,000 is invested today at a simple interest rate of 3% per month
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