Looking for more tutorials?

Tutorial 23610

Miriah Inc. has 6,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December ...

Waseem
Earnings: $ 3159.95
Tutorials: 7039
$15 Per/hour
Reviews: 21


Question:

Miriah Inc. has 6,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2006. What is the annual dividend on the preferred stock?

a)            $0.50 per share                                 

b)            $300 in total                                        

c)            $50 per share

d)            $30,000 in total                   

ATTACHMENTS