Asked by Marvin

one company has $200,000 to distribute in dividends. There are 24,000 shares of preferred stock that earn dividends at $0.40 per share and 80,000 shares of common stock, How much money goes to preferred stockholders?

11 years ago

Answered by Steve

200000 - 24000(.40)

11 years ago

Answered by Steve

oops. That would be just 24000(.40)

11 years ago

Answered by Marvin

thanks Steve

11 years ago

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