Somento Forest Inc

question 52

Multiple Choice

Somento Forest Inc. has 10000 shares of 6% $100 par value cumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December 31 2017. What is the annual dividend on the preferred stock?

• A) $60 per share
• B) $60000 in total
• C) $100000 in total
• D) $0.60 per share

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