naTe 18 Common stockholders, how much dividends must it pay its proe stockholder
ID: 2798940 • Letter: N
Question
naTe 18 Common stockholders, how much dividends must it pay its proe stockholders if the preferred is: a) A $9.00 partially participating preferred, dividend increase by $0.60 for every dollar the common requiring that the preferred dividend ex Ily participating preferred, requiring that preferred dividend if common stock dividend exceeds $7 b) A $7 ful equal that of common stock A "9% preferred stock"? c) A charter of a firm authorized it to issue up to 30 million shares. So f has issued 20 million shares, of which 5 million were repurchased by a) How many shares are outstanding? ) How many additional shares can it issue under the current chart ) What is the term used to describe the unissued shares? ) How many Treasury stock does the company has? acompany was authorized by the SEC to issue 50 million share on issued only 42 million is outstanding, a) how many were tre any decides to do a two-for-one split, how many shares willbExplanation / Answer
(a) How many shared are outstanding = Issued - Repurchased = 20 -5 = 15 Million
(b) How many additional shares according to current charter = Total - Issued = 30 -20 = 10 Million
(c) Term used to desribe unissued shares - Authorized capital, treasury stock, restricted stock (any one)
(d) Treasury Stock =Total authorized - Issued + Repurchased = 30-20+5 = 15 Million
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