Homework Answers
1a) Dividend per share = 75*8% = 6
1b) Total amount of dividend on preferred stock = 80000*6 = $480000
2) Common Stock issued = 9000000/5 = 1800000 Shares
3) Average price per share of preferred stock = (6000000+320000)/80000 = 79
4) Average price per share of common stock = (9000000+12600000)/1800000 = 12
5) Outstanding shares = 1800000 Share because there is no treasury shares
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The Stockholders' Equity section of Foreign Tours Corporation's balance sheet at the close of the current...
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