Question

Copperhead Trust has the following classes of​ stock: LOADING...​(Click the icon to view the​ data.) Read the requirementsLOADING.... Requirement 1. Copperhead declares cash dividends of $ 44 comma 000 for 2018. How much of the dividends goes to preferred​ stockholders? How much goes to common​ stockholders? ​(Complete all input boxes. Enter​ "0" for any zero​ amounts.) Copperhead​'s dividend would be divided between preferred and common stockholders in this​ manner:

Answer 1

Answer:

Find attached complete question:

common stock dividends is $38,960

preferred stock dividends is $5,040

Explanation:

Going by the complete question,preferred stock dividends is computed thus:

preferred stock dividends=number of shares*par value*dividend rate

number of shares is 7000 (issued and outstanding)

par value of share is $12

dividend rate is 6%

preferred stock dividend=7000*$12*6%=$5040

The preferred stockholders would receive $5040 dividends while the remainder of dividends goes to common stockholders as shown below

Total dividends                              $44,000

preferred stock dividends             ($5040)

common stock dividends              $38,960

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