29. The capital structure of Ogara Company consists of the following account balances: Preferred Stock (4%,...
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29. The capital structure of Ogara Company consists of the following account balances: Preferred Stock (4%, $100 par). Common Stock ($10 par) $1,000,000 10,000,000 Ogara holds no stock in treasury and pays an annual dividend. If last year's dividend was $125 per share, and Ogara does not want to reduce the dividend, what amount of equity must be made available for dividends? How much would need to be available if the preferred stock is fully participating? 29. The capital structure of Ogara Company consists of the following account balances: Preferred Stock (4%, $100 par). Common Stock ($10 par) $1,000,000 10,000,000 Ogara holds no stock in treasury and pays an annual dividend. If last year's dividend was $125 per share, and Ogara does not want to reduce the dividend, what amount of equity must be made available for dividends? How much would need to be available if the preferred stock is fully participating?
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