hat is the dividend per share on the preferred stock?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Can you answer dividend per share (b.)
The
Stockholders’ Equity | ||||||
Paid-in capital | ||||||
170,000 shares authorized, 47,000 shares issued and outstanding | $ | 705,000 | ||||
Common stock, $12 stated value, 220,000 shares authorized, 47,000 shares issued and ?? shares outstanding | 564,000 | |||||
Paid-in capital in excess of par—Preferred | 37,000 | |||||
Paid-in capital in excess of stated value—Common | 141,000 | |||||
Total paid-in capital | $ | 1,447,000 | ||||
320,000 | ||||||
(33,000 | ) | |||||
Total stockholders’ equity | $ | 1,734,000 | ||||
Note: The market value per share of the common stock is $26, and the market value per share of the preferred stock is $19.
Required
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What is the dividend per share on the preferred stock?

Transcribed Image Text:Req A to D
Req F
a. What is the par value per share of the preferred stock?
b. What is the dividend per share on the preferred stock? (Round your answer to 2 decimal places.)
c. What is the number of common stock shares outstanding?
d. What was the average issue price per share (price for which the stock was issued) of the common stock? (Round your
answer to nearest whole dollar.)
a. Par value
b. Dividend
c. Common stock
d. Average issue price
$
$
15 per share
per share
44,000 shares
15 per share
<
Req A to D
Req F >
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