Homework Answers
| Par value per | Divdiend | Dividend per | Number of | Preferred Dividend | |
| Preferred share | Rate | Preferred share | Preferred share | for 1 year | |
| Annual Preferred Dividend | $100 | 7.00% | $7.000 | 3,000 | $21,000 |
| Total Cash | Paid to | Paid to | Dividends in Arrears | ||
| Dividend Paid | Preferred | Common | at year-end | ||
| 2007 | $10,000 | $10,000 | $0 | $11,000 | |
| 2008 | $0 | $0 | $0 | $32,000 | |
| 2009 | $65,000 | $53,000 | $12,000 | $0 | |
| 2010 | $30,000 | $21,000 | $9,000 | $0 | |
| Total | $84,000 | $21,000 | |||
| So Dividend paid to common shareholders in 2009 is $12,000 | |||||
| So Option C is the answer | |||||
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