Question 12 5 points Save Answ Flowers nc. has both common and preferred stock. There...
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Question 12 5 points Save Answ Flowers nc. has both common and preferred stock. There are 60,000 shares of $3 par com tock outstanding and 1,000 shares of$17 par preferred stock o outstanding. The company did not pay any dividends in last year. The company decided to pay $5,000 in dividends this year a. Calculate the annual amount of guaranteed dividends for preferred shareholders b. Calculate the amount of preferred dividends to be given to preferred shareholders this year, assuming the preferred stock is cumulative. c. Calculate the amount of dividends to be paid to common shareholders if preferred stock is cumulative. d. Calculate the amount of preferred dvidends to be given to preferred shareholders this year, f preferred stock is noncumulative. e. Calculate the amount of dividends to be paid to common shareholders if preferred stock is noncumulative
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