Miriah Inc- has 10-000 shares of 5-- $100 par value- cumulative prefer.docx

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Miriah Inc. has 10,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2014. What is the annual dividend on the preferred stock? Solution The correct answer is A = $50,000 in total. 10,000 shares of 5%, $100 par value. So, per share dividend is $5 and total will be $50,000. I hope my solution solves your query. Regards. .

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