The quarterly dividend on 115 percent

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Reference no: EM13484529

Calculate the cash dividends required to be paid or each of the following preferred stock issuances:

(a.)The semiannual dividend on 11.5 percent cumulative preferred,$100 par value; 12,000 shares authorized,issued,andoutstanding.

(b.)The total dividends owed to preferred shareholder son$1.50annual cumulative preferred, 200,000 sharesauthorized,170,000shares issued, and 162,700 shares outstanding.The companydid notpay dividends during the prior year or duringthecurrentyear.

(c.)The quarterly dividend on 11.5 percent cumulativepreferred,$70stated value, $72 liquidating value, 40,000 shares authorized, 30,000shares issued and outstanding. No dividends in arrears.

Reference no: EM13484529

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