A Company's Board of Directors Votes to Declare a Total

question 134

Multiple Choice

A company's board of directors votes to declare a total cash dividend of $25,000.The company has 2,500 shares of $1 par common stock and 400 shares of 4%,$200 par preferred stock outstanding.What is the total amount that will be paid to preferred shareholders?

• A)$1,000
• B)$22,500
• C)$400
• D)$3,200
• E)$25,000

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