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I need assistance solving this proiblemsCalculate the cash dividends required to be paid for each of the following preferred stock issues: Required: a. The semiannua

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Answer #1

a.

Semi-annual dividend $ 28,560

Semi-annual dividend = $ 60 x 13,600 x 7% x 1/2 = $ 28,560

b.

Cumulative dividend $ 111,300

Cumulative dividend = 31,800 x $ 1.75 x 2 = $ 111,300

c.

Quarterly dividend $ 70,200

Quarterly dividend = 31,200 x $ 90 x 10% x 1/4 = $ 70,200

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