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    bvriley Posts: 3, Reputation: 1
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    #1

    Mar 27, 2012, 02:35 PM
    I need to find the dividend amount, tried adding 3000 200 1000 100=4300 x.75not right
    Par value of preferred stock $1.00
    Outstanding preferred shares at 1/1/2012 200
    Par value of common stock $0.01
    Outstanding common shares at 1/1/2012 3,000
    Interest payable June 30 and December 31

    2012 Transactions:
    March 1 Issued common stock:
    Shares issued 1,000
    Price per share $32.00
    May 15 Repurchase treasure stock:
    Number of shares 600
    Price per share $25.00
    July 10 Reissue treasure stock purchased May 15:
    Number of shares 100
    Price per share $30.00
    October 15 Issued preferred stock:
    Shares issued 100
    Price per share $35.00
    December 1 Declared cash dividend:
    Preferred dividend per share $0.75
    Common dividend per share $0.75
    December 31 Paid cash dividend declared 12/1

    Additional Information:
    Stockholders' Equity on January 1, 2012:
    Preferred stock $200
    Common stock $30
    Additional paid-in capital $66,000
    Retained earnings $25,500
    Net income for year ending December 31, 2012 $9,800

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