Ace Inc Has 10,000 Shares of 5%, $100 Par Value, Cumulative

question 258

Multiple Choice

Ace Inc. has 10,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2014. What is the annual dividend on the preferred stock?

• A) $50 per share
• B) $50,000 in total
• C) $5,000 in total
• D) $0.50 per share

Recognize the factors causing inflation (cost-push and demand-pull).

Gain knowledge about historical inflation trends and their causes.

Differentiate between the effects of inflation on different economic agents (borrowers, lenders, workers, etc.).

Understand the impact of aggregate demand and supply shifts on price levels and inflation.

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