E 11-25, Hanh Chie - $152,000 Case B: preferred is...

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E 11-25 page 534  The total amount of dividend must be paid to preferred stockholders each year 0.06 x $20x 40,000 = 48,000 Case A  : preferred is noncumulative  Preferred dividend:  $48,000 Common dividend: 
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Unformatted text preview: $152,000 Case B: preferred is cumulative Dividends in arrears, 3year $144,000 Current-dividend preference 48,000 Total $192,000 Preferred dividend: $192,000 Common dividend: $8,000...
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This note was uploaded on 06/20/2011 for the course ECON 123 taught by Professor Mrews during the Spring '11 term at Korea Advanced Institute of Science and Technology.

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