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

    Feb 8, 2009, 01:04 PM
    average issue price of preferred stock
    What do you use to find the average issue price of preferred stock?

    Equation reads:

    Preferred stock, 9% cumulative, $50 par, 40,000 shares
    authorized, issued and outstanding... $2,000,000
    baolut's Avatar
    baolut Posts: 1, Reputation: 1
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    #2

    Jun 23, 2009, 07:32 AM

    How about the divident?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #3

    Jun 28, 2009, 12:29 PM

    The issue price of your stock is the par value.
    Dividends are paid @ 9% * $50 * # of shares issued and outstanding.
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