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Question - Kingbird Inc. has 16000 shares of 8%, $100 par value, cumulative preferred stock and 80000 shares of $1 par value common stock outstanding at December 31, 2017. What is the annual dividend on the preferred stock?
a) $80 per share
b) $128000 in total
c) $8000 in total
d) $0.08 per share
We examined two important topics in finance this week: (a) present and future values and (b) security valuation.
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Briefly explain the process of determining gain or loss (including character of gain/loss) upon disposition of a partnership interest.
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