What are the annual dividends on preferred stock,$25 par,2,000 shares authorized,600 shares issued,and a dividend rate of 3%?

Name: What are the annual dividends on preferred stock,$25 par,2,000 shares authorized,600 shares issued,and a dividend rate of 3%?
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Quizplus · Accepted Answer

The annual dividend on preferred stock is calculated as the par value multiplied by the dividend rate, then multiplied by the number of shares issued. Here, it's $25 * 3% * 600 = $450.

What Are the Annual Dividends on Preferred Stock,$25 Par,2,000 Shares