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Assume that Holt had 230,000 common shares and 10,000, $8, non-cumulative preferred shares. How much cash would be paid out in 2014, 2015, and 2016

question 4 holt.PNG



Assume that Holt had 230,000 common shares and 10,000, $8, non-cumulative preferred shares. How much cash would be paid out in 2014, 2015, and 2016 to each class of shares? for 2014,2015,2016


Assume that Holt had 90,000 common shares, and 4,000, $5, cumulative preferred shares that were three years in arrears as at January 1, 2014. How much cash would be paid out in 2014, 2015, and 2016 to each class of shares?

question 4 holt.PNG

Top Answer

solved part 1. year 2014 preferred shares 10,000*$8 =$80,000 common shares 230,000 - 80,000 =$150,000 year 2015 preferred... View the full answer

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