A Company Plans to Distribute $134,000 in Dividends

question 26

Multiple Choice

A company plans to distribute $134,000 in dividends. It has outstanding 200,000 shares of 7% $10 par preferred stock (non-cumulative and non-participating) and 60,000 shares of $2 par common stock. How much will be distributed per share on preferred and common stock? Preferred stock Common stock

• A)$0.52 $0.52
• B)$0.67 $0.00
• C)$0.00 $2.23
• D)$0.60 $2.00

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Definitions:

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The rate at which the body burns calories to sustain life, including during rest and physical activity.

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A gene associated with fat mass and obesity, thought to influence one's risk of becoming overweight.