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    pritty1979's Avatar
    pritty1979 Posts: 3, Reputation: 1
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    #1

    Sep 19, 2010, 11:20 PM
    Preferred dividends - fixed amount.
    Common stock, $20 par value (no change during the year) $5,000,000
    Preferred $10 stock, $40 par (no change during the year) $ 800,000
    Net income 600,000, declared dividends on common stock 125,000 Market price of the common stock is $20 per share

    How do I calculate the preferred dividend? The explanation I got gives me a crazy number.
    Thanks
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Sep 19, 2010, 11:31 PM

    I addressed your question over here:
    https://www.askmehelpdesk.com/accoun...ck-286952.html

    Posting the same question over and over gets confusing from our side.
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