FIN 310 Chapter 6 Open-Ended Assignment ...

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FIN 310
Chapter 6 Open-Ended Assignment

Note: Please put your answers only in the section below the Bold Red sentence at the end of the Required section below.

A company has an outstanding issue of $50 par value preferred stock. It recently declared a $10 per share dividend on its common stock.

*Required:*
Indicate how much the company will pay in annual per-share preferred dividends in each of the following case:
	A. The preferred stock is a $15 non-participating preferred stock.
	B. The preferred stock is a 7% non-participating preferred stock.
	C. The preferred stock is a $9 partially participating preferred, requiring that the preferred dividend increase by $0.60 for every dollar the common dividend exceeds $9.
	D. The preferred stock is a $9 fully participating preferred, requiring that the preferred dividend increase to equal the common dividend if the latter exceeds $9.

Your answers to this open-ended assignment should be placed in the space below this line.

A


B


C


D

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