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    ahmerkhan's Avatar
    ahmerkhan Posts: 1, Reputation: 1
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    #1

    Oct 6, 2008, 02:11 PM
    Managerial accounting
    Hey guys I am strggling with my managerial accounting homework. I really need help with the last question, q5 attached to this excel sheet. I am clueless. If anyone can help me, I would greatly appreciate it.
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    2. CBSA's Avatar
    CBSA Posts: 2, Reputation: 1
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    #2

    Oct 7, 2008, 10:58 AM

    If I had 7% preferred stock, $100 par, callable at $105, 500,000 shares authorized, 60,000 shares issued for a total og $6,000,000
    And from issuance of preferred stock of 680,000... what was the average issue price per share of preferred stock
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