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bixtya [17]
3 years ago
9

Nu-Tek has preferred stock outstanding that pays a cumulative $1.50 dividend per quarter. This company has not paid any of its d

ividends for the past two quarters. How much must be paid as a dividend for each share of preferred stock if the company plans to pay a dividend to its common shareholders this upcoming quarter?
(A) $0
(B) $4.50
(C) $1.50
(D) $6.00
(E) $3.00
Business
1 answer:
Zepler [3.9K]3 years ago
7 0

Answer:

(a) $0

Explanation:

The company has to types of Stocks the preferred and the common, it's a reason why they don't have to pay any money to the common shareholders, due that the preferred stock it's the stock that has an outstanding performance and pay every quarter $1,50, only the preferred shareholder could receive any dividend of this type of stock. It's the reason why the answer it's $0

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Union Local School District has bonds outstanding with a coupon rate of 2.9 percent paid semiannually and 24 years to maturity.
SpyIntel [72]

Answer: $4,642.37

The price of the bond is $4,642.37

Explanation:

Using the price of bond formula :

C × 1 - (1+r) *-n / r. + F / (1+r)*n

C = coupon rate = 2.9% of 10,000

= $290

n = 24years...... years to maturity

F = $10,000...... Face value/par value

r = yield to maturity = 3.4% = 0.034

Price of bond =

290 × 1–(1+0.034)*-24 /0.034

+ 10,000 / (1.034)*24

290× 1 - (1.034)*-24 / 0.034

+ 10,000 / (1.034)*24

290 × (1 - 0.448236347)

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Price = $4,642.37 as the price of bond.

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77julia77 [94]

Answer:

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Ilia_Sergeevich [38]

Answer:

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Explanation:

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