Kamal plans to save $7,000 a year for 17 years starting a year from today. He expects to earn 9% on his investment. How much wil
1 answer:
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Answer:
$135000
Explanation:
Given: Outstanding cumulative preferred stock of 10000 shares of 8% at $100
Dividend paid= $375000.
Now, calculating preferred stock.
Preferred stock=
∴ Preferred stock= $80000
Cumulative dividend paid to shareholder=
∴ Cumulative dividend paid to shareholder= $240000
Next, computing the amount of dividends will common stockholder receive.
Total dividend paid= $375000.
Dividend received by common stockholder=
⇒ Dividend received by common stockholder=
∴ $135000 dividend will be received by common stockholder.