FIN 310 Chapter 6 Open-Ended Assignment Note: Please put your answers only in the section

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FIN 310Chapter 6 Open-Ended AssignmentNote: Please put your answers only in the section below theBold Red sentence at the end of the Required sectionbelow.A company has an outstanding issue of $50 par value preferredstock. It recently declared a $10 per share dividend on its commonstock. Required: Indicatehow much the company will pay in annual per-share preferreddividends in each of the following case: A. The preferred stock is a $15 non-participatingpreferred stock.B. The preferred stock is a 7% non-participatingpreferred stock.C. The preferred stock is a $9 partiallyparticipating preferred, requiring that the preferred dividendincrease by $0.60 for every dollar the common dividend exceeds$9. D. The preferred stock is a $9 fully participating preferred,requiring that the preferred dividend increase to equal the commondividend if the latter exceeds $9. Your answers to this open-ended assignment should beplaced in the space below this line. A B C D