Question

Medici Inc., has the following stockholders’ equity section of the balance sheet:
Medici Inc.
Balance Sheet (Partial)

Required:
1. How many shares of preferred stock are authorized?
2. How many shares of common stock are outstanding?
3. What was the average selling price for the common stock when issued?
4. What was the average repurchase price for the treasury shares?
5. If the annual dividends on the preferred stock are $0.80 per share, what is the dividend rate on the preferred stock?


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  • CreatedSeptember 22, 2015
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