What are the annual dividends on preferred stock,$15 par,500 authorized,300 shares issued,and a dividend rate of 12%?

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Quizplus · Accepted Answer

The annual dividends on preferred stock can be calculated as follows:Annual dividends = Number of shares issued * Par value per share * Dividend rateIn this case, the number of shares issued is 300, the par value per share is $15, and the dividend rate is 12%. Therefore, the annual dividends would be:Annual dividends = 300 * $15 * 12% = $540

What Are the Annual Dividends on Preferred Stock,$15 Par,500 Authorized,300