ABC Corp. issues 10 million shares of common stock and 20,000 shares of 8 percent preferred stock

Question:

ABC Corp. issues 10 million shares of and 20,000 shares of 8 percent preferred stock at $50 par. The makes an annual profit of $10 million, and the board of directors declares a $5-million-dollar stock What is the preferred stock per share?
b. What is the per share? Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...