Homework Answers
1) Annual preferred dividend = 30000*3 = 90000
| Cumulative preferred shares | Non cumulative preferred shares | ||||
| Year | Dividend paid | Preferred | Common | Preferred | Common |
| 2012 | 50000 | 50000 | 0 | 50000 | 0 |
| 2013 | 100000 | 100000 | 0 | 90000 | 10000 |
| 2014 | 200000 | 120000 | 80000 | 90000 | 110000 |
2) Preferrential right
a) Preferred shareholders has preferential right on Dividend
b) Preferred shareholders has preferential right of amount received on liquidation so preferred shareholders has less risk than common Shareholders
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