Springer Corp. has 7,000 cumulative preferred shares that pay a dividend of $1.00 per share. It also has 30,000 common shares outstanding. In 2018 and 2019 it did not pay any dividends due to poor earnings. This year in 2020, the Board of Directors decided to pay out $70,000 in dividends.

What is the amount of the dividends that would be paid to the common shareholders?

Enter only numbers (do not use a $ sign or comma): $ Answer

2) A warrant entitles the holder to purchase one (1) common share of Corona Corp. at an exercise price of $10 until Dec. 31, 2021. If the warrant holder exercised the warrant in Nov 2019 when the stock price was $15 and then sold the one Corona Corp. share in 2020 for $21. What would be his profit from selling the one Corona share?

Enter only numbers and decimal (do not use a $ sign): $ Answer

Answer rating: 100% (QA)

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