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Cash Dividends
Good evening!
I'm just confused in finding cash dividends where the preference shares is given but the ordinary shares is not. I.e: 10%, Preference shares, Cumulative, Participating, 100,000 shares issued and outstanding, 10 pesos par. Since, the preference shares is participating, ordinary shareholder are given their initial share. The question: how should be the remainder allocated to ordinary and what amount would you base the preference rate in getting the shares for ordinary? |
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