On March 1 5 , 2 0 1 8 , Bank of America issued 9 4 ,
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Question:
On March Bank of America issued shares of FixedtoFloating Rate NonCumulative Preferred Stock, Series FF for $ billion. Dividends are payable semiannually on or about March and September
a Assume the stock was issued at face value. What is the face value of each Series FF share?
$Answer
b What will be the total dividend for the year ended December assuming that the number of shares remains unchanged?
Enter answer in millions. Round answer to the nearest million.
$Answer
million
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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