Homework Answers
Dividend per year for cumulative preference shareholders = 25,000 X $10 X 8% = $20,000 per year
Dividend is payable for preference shareholders for 2017, 2018, 2019 ie. 3 years.
= $20,000 X 3
= $60,000
$200,000 is available for dividend. $140,000 is remaining after paying dividend to preference shareholders. (ie. $200,000 - $60,000)
$140,000 to common stockholders
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