Calculate the annual cash dividends required to be paid for each of the following preferred stock issuances:
(a.) $2.40 cumulative preferred, no par value; 600,000 shares authorized, 470,000 shares issued, 28,000 shares held as treasury stock.
(b.) 10%, $50 par value preferred; 200,000 shares authorized, 124,000 shares issued and outstanding.
(c.) 13% cumulative preferred, $40 stated value, $42 liquidating value; 140,000 shares authorized, 92,000 shares issued, 88,000 shares outstanding.

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The Answer of Calculate the annual cash dividends required to be paid for each of the following preferred stock issuances:
(a.) $2.40 cumulative preferred, no par value; 600,000 shares authorized, 470,000 shares issued, 28,000 shares held as treasury stock.
(b.) 10%, $50 par value preferred; 200,000 shares authorized, 124,000 shares issued and outstanding.
(c.) 13% cumulative preferred, $40 stated value, $42 liquidating value; 140,000 shares authorized, 92,000 shares issued, 88,000 shares outstanding.

Calculate the Annual Cash Dividends Required to Be Paid for Each