Identifying and Analyzing Financial Statement Effects of Cash Dividends On March 1 5 , 2 0 1 8 , Bank of America issued 9 4 , 0 0 0 shares of 5 8 7 5 Fixed to Floating Rate Non Cumulative Preferred Stock, Series FF for $ 2 3 5 billion Dividends are payable semiannually on or about March 1 5 and Sep...

The Answer is in the image, click to view ...

Identifying and Analyzing Financial Statement Effects of Cash Dividends On March 1 5 , 2 0 1

Fantastic news! We've Found the answer you've been seeking!

Question:

Identifying and Analyzing Financial Statement Effects of Cash Dividends

On March

15, 2018,

Bank of America issued

94, 000

shares of

5.875 %

Fixed

-

-

Floating Rate Non

-

Cumulative Preferred Stock, Series FF for $

2.35

billion. Dividends are payable semiannually on or about March

15

and September

15 .

.

Assume the stock was issued at face value. What is the face value of each Series FF share?

$Answer

.

What will be the total dividend for the year ended December

31, 2018,

assuming that the number of shares remains unchanged?

Enter answer in millions. Round answer to the nearest million.

Posted Date: May 07, 2024 02:04 AM

See More Questions

What are the drawbacks (disadvantages) of the relational database management system and of the object-oriented database system? What hardware or software support has been implemented for the...
Employee earnings records for Redding Company reveal the following gross earnings for four employees through the pay period of December 15. D. Edwards ........... $83,500 A. Seligman...
1. Consider the traditional channels of distribution for music. Which channel elements are most affected by the presence of services like Spotify? Explain how those elements are affected. 2. Develop...
Provide the bank reconciliation using the amounts provided below: a. Balance per books, $23,560 b. Balance per bank, $18,935 c. Checks outstanding, $7,980 d. Deposits in transit, $12,570 e. Bank fee,...
Examples are aircraft general information systems include: flight deck information systems, maintenance information systems, and __________________ information systems.
Johnson, Inc., manufactures lead crystal glasses. The standard direct labor time is 0.3 hour per glass, at a price of $13 per hour. The actual results for the production of 6,900 glasses were 0.2...
A person deposits $ 1 0 , 0 0 0 ?on January 1 , 2 0 0 7 ?earning interest at the rates given in the table. Let P be the accumulated value under the investment year method, Q the accumulated value...
3. Compute the following in 1's complement and then in 2's complement. State if overflow occurred. For clarification: MSB being 1 does not make it a negative number in this question (ie: 111-100 =...
The capacitor in the circuit is charged to 20 V at the time the switch is closed. (Figure 1) Figure 20 V C 1 0 12 x 10 i 20 1 of 1 80 www Part A If the capacitor ruptures when its terminal voltage...
The government is considering levying a tax of $80 per unit on suppliers of either leather jackets or smartphones. The supply curve for each of these two goods is identical, as you can see on each of...
Imagine that you are purchasing a house for $150,000. You have saved some money and would like to obtain an 80% loan to value mortgage loan so that you can have the lowest interest rate on your...
Imagine that you are purchasing a house for $150,000. You have saved some money and would like to obtain an 80% loan to value mortgage loan so that you can have the lowest interest rate on your...
Java program that determines if two (2) words rhyme. Write the import statements to be able to useScanner,Pattern, andMatcher. Enable user input. Create three (3) String variables. word1shall store...
Write a paper about BINZ, Inc. Consider which training methods will be most effective for the training session you are designing for EITHER the sales OR customer service department. Based on your...
Find the center of mass of a thin triangular plate bounded by the y-axis and the lines y = x and y = 2 - x if (x, y) = 6x + 3y + 3.
Cold Appliances Pty Ltd makes refrigerators and is trying to determine the cost of its ending work in process. The accountant has put together the following data for the year ended 30 June 2025. Each...
Find five interesting facts in Table 1.1. TABLE 1.1 Basic Characteristics of Selected Countries GNP per capita Index of Openness Goods & Services 2009 Population Area (millions) (1,000s sq. km.) Avg....
An apparatus for measuring thermal conductivity employs an electrical heater sandwiched between two identical samples of diameter $25 \mathrm{~mm}$ and length $60 \mathrm{~mm}$, which are pressed...

Identifying and Analyzing Financial Statement Effects of Cash Dividends On March 1 5 , 2 0 1

Question:

Expert Answer:

Students also viewed these accounting questions