This will be 2400 cause there is nothing in the ones place
Common stockholders would receive $800.
(100 shares x $100) 10,000 x 6% = $600 - this is the amount paid to preferred stockholders per year.
Since Custer.com also paid the dividend in arrear last year, $600 x 2yrs = $1,200 is the total amount paid to preferred stockholders this year.
Cash dividends - $2,000
Preferred sh <u>($1,200)
</u>Common sh $ 800<u>
</u>
Answer: There is no picture.
Step-by-step explanation:
It starts at $500, then decreases by 30% so just multiply 500 by .7, then multiply the answer by .7, and so on until you get to $84.
Is there supposed to be a picture??
