Calculate the annual cash dividends required to be paid for each of the following preferred stock issues: Required: a. $3.75 cumulative preferred, no par value; 200,000 shares authorized, 161,522 shares issued. (The treasury stock caption of the stockholders equity section of the balance sheet indicates that 43,373 shares of this preferred stock issue are owned by the company.) b. 6%,

Calculate the annual cash dividends required to be paid for each of the following preferred stock issues:

Required:
a. $3.75 cumulative preferred, no 200,000 shares authorized, 161,522 shares issued. (The treasury stock caption of the stockholders’ equity section of the indicates that 43,373 shares of this preferred stock issue are owned by the company.)
b. 6%, $40 preferred, 100,000 shares authorized, 85,400 shares issued, and 73,621 shares outstanding.
c. 11.4% cumulative preferred, $100 stated value, $104 liquidating value; 50,000 shares authorized, 43,200 shares issued, 37,600 shares outstanding.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...