Exercise 11-12 (Static) Dividends on common and
cumulative preferred LO C2
York’s outstanding stock consists of 80,000 shares
of cumulative 7.5% preferred stock with a $5 par
value and also 200,000 shares of common stock with a $1 par value.
During its first four years of operation, the corporation declared
and paid the following total cash dividends: (Round
your "Dividend per Preferred Share" answer to 3 decimal
places.)
Exercise 11 12 Static Dividends On Common And Cumulative Preferred Lo C2 York S Outstanding Stock Consists Of 80 000 S 1 (18.65 KiB) Viewed 71 times
Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end $ Year 1 Year 2 Year 3 Year 4 20,000 28,000 200,000 350,000 598,000 Totals $ $ 0 $ 0
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