Alto Company issued 7% preferred stock with a $100 par value. This means that O preferred shareholders have a guaranteed dividend. the amount of the potential dividend is $7 per year per preferred share. preferred shareholders are entitled to 7% of the annual income. O the market price per share will approximate $100 per share. O only 7% of the total paid-in capital can be preferred stock. 2019 vera
Answer
The correct Answer = Option #2 The amount of potential dividend
is $ 7 per year per preferred stock [$100 x 7%]
>preferred stockholder will receive
$ 7 per share held each year provided there are sufficient net
income to distribute those dividend.
This is the collective voice of the talented editorial team at Answerprime.com. Committed to delivering high-quality content, this account represents the collaborative efforts of knowledgeable experts. With a passion for research and a dedication to accuracy, Answerprime brings you insightful articles across various subjects. Explore a diverse range of expertise and perspectives curated by the editorial team through the lens of Answerprime.
Latest posts by Answer Prime (see all)
- Old MSN groups - December 26, 2024
- Ashford Regal Review - December 26, 2024
- what is a misc. debit.? - December 26, 2024