Heights Corporation has 100,000, 5%, $100 par preferred shares outstanding.  The stock is callable at 102 but was originally issued at 99.  The current dividend has been fully paid.  Total stockholders\' equity is $20,000,000.  Calculate the residual common equity?

Answer rating: 100% (QA)

ANSWER Preferred Equity 100000 x 100 1... View the full answer