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    Jordang54's Avatar
    Jordang54 Posts: 2, Reputation: 1
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    #1

    Feb 28, 2010, 06:33 PM
    A cumulative dividend preference means that?
    What does a cumulative dividend preference mean?
    Jordang54's Avatar
    Jordang54 Posts: 2, Reputation: 1
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    #2

    Feb 28, 2010, 06:36 PM

    A corporate charter specifies that the company may sell up to 20 million shares of stock. The company sells 12 million shares to investors and later buys back 3 million shares. The number of authorized shares after these transactions are accounted for is:
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Feb 28, 2010, 10:20 PM

    Please see the guidelines for posting homework:
    https://www.askmehelpdesk.com/financ...-b-u-font.html

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