1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maks197457 [2]
2 years ago
6

Salmon, Incorporated issues 500,000 shares of preferred stock for $60 a share. The stock has a fixed annual dividend rate of 5%

and a par value of $18 per share. The current price of the preferred stock is $64 a share. If sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of: _________
Business
1 answer:
azamat2 years ago
4 0

If sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of: $0.90 per share.

Using this formula

Annual dividends= Par value × Fixed Annual dividend rate

Where:

Par value= $18 per share

Fixed Annual dividend rate= 5% or 0.05

Let plug in the formula

Annual dividends= $18 per share × 0.05

Annual dividends= $0.90 per share

Inconclusion if sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of: $0.90 per share.

Learn more about annual dividend here:brainly.com/question/25557702

You might be interested in
What is the FIRST action you should take if you suspect there has been a fraudulent charge on your credit card?
djverab [1.8K]
Okay call your credit card company up and ask them where the last purchase was and if your scared someone hacked into your account shut down your credit card. (if you do this you'll have to get a new one)<span />
8 0
3 years ago
I worked hard<br>my exam.<br>for passing<br>for pass<br>to pass<br>to passing​
erastova [34]

Answer:

u can do it

♥♥♥

i believe in u :)

Explanation:

7 0
3 years ago
Read 2 more answers
What type of life insurance has cash value
alisha [4.7K]
Whole life policies provide “guaranteed” cash value accounts that grow according to a formula the insurance company determines. Universal life policies accumulate cash value based on current interest rates. Variable life policies invest funds in subaccounts, which operate like mutual funds.
7 0
3 years ago
All of the following are ways to collect useful marketing research information except
prohojiy [21]

Answer:

impulsively stopping persons on the street to inquire about their buying habits

Explanation:

For businesses which are to be started, conducting marketing research can help the business know the products that would generate profits while for existing businesses, market research help companies to determine if their customers are satisfied with their services. Ways of conducting market research are:

  • Conducting interviews through phone calls or person to person.
  • sending questionnaires by mail or placing them online
  • Conducting online surveys
  • Buying information from commercial or governmental data sources.

Using information from commercial or governmental data sources may not be reliable because it may be outdated.

8 0
3 years ago
Assume that the hourly price for the services of tarot card readers has risen and sales of these services have also risen. One c
Mars2501 [29]

Answer:

D the demand for tarot card readers has increased.

Explanation:

At constant supply, price of goods or services tend to increase as demand increases. In this case, the demand for the services has increased, meaning that demand for tarot card reading has increased relative to the supply of the service. This has resulted in an increase in price of the service.

8 0
3 years ago
Other questions:
  • Property rights are the right of the government to own, use, and dispose of resources in an economy.
    9·1 answer
  • A cost which remains constant per unit at various levels of activity is a:
    15·1 answer
  • The method for providing solutions to union-management conflicts over interpretation or violation of a collective bargaining agr
    5·2 answers
  • The Martins' home has potentially unsafe levels of radon, but they have no idea because it is odorless and they have not been fe
    5·1 answer
  • On July 1m 2017, Ling Co. pays $12,400 to Marsh Insurance Co., for a 2-year insurance contract. Both companies have fiscal years
    15·1 answer
  • Adonis Corporation issued 10-year, 7% bonds with a par value of $220,000. Interest is paid semiannually. The market rate on the
    11·1 answer
  • The _____ is a law passed in 1914 that seeks to prevent practices that may cause injury to customers, that cannot be reasonably
    10·1 answer
  • Sau khi thực hiện kiểm toán, KTV xác định là:
    12·1 answer
  • Politicians often argue for tariff increases in order to reduce the nation's dependence on imports. If tariffs are increased, th
    10·1 answer
  • HURRY! 20 points! Which of the following is the most important requirement for career advancement in art design?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!