Zeta Co. has outstanding 100,000 shares of $100 par value cumulative preferred s

Question

Zeta Co. has outstanding 100,000 shares of $100 par value cumulative preferred stock which has a dividend rate of 6 percent. The company has not declared any cash dividends on the preferred stock for the last three years.

Calculate the amount of dividends in arrears on Zeta's preferred stock. (Omit the "$" sign in your response.)

Zeta Co. has outstanding 100,000 shares of $100 par value cumulative preferred stock which has a dividend rate of 6 percent. The company has not declared any cash dividends on the preferred stock for the last three years.

Explanation / Answer

Amount of dividend in arrears = 100000*100*6%*3 = 1800000 answer happy to help

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