If 1,000 Shares with a Par Value of $50/share,a Dividend

question 55

Multiple Choice

If 1,000 shares with a par value of $50/share,a dividend rate of 10% and redeemable for $80/share,are sold for $75/share how much dividend will the equity holders be entitled to?

• A)$3,000
• B)$5,000
• C)$7,500
• D)$8,000