tami64
Jul 27, 2009, 05:18 PM
I have read this chapter and tried to figure this out all day I can't.
A company declare four quarterly dividends of $0.75 a share on the sommon stock and 1/4 of the amount due anually on the preferred stock. Then it asks you questions like what was the total amount paid by company to all common share holders for each quarterly divdend. I just need a formula to use to come up with the answer.
A company declare four quarterly dividends of $0.75 a share on the sommon stock and 1/4 of the amount due anually on the preferred stock. Then it asks you questions like what was the total amount paid by company to all common share holders for each quarterly divdend. I just need a formula to use to come up with the answer.