What are the annual dividends on preferred stock,$20 par,500 authorized,250 shares issued,and a dividend rate of 12%?

Name: What are the annual dividends on preferred stock,$20 par,500 authorized,250 shares issued,and a dividend rate of 12%?
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Question

Quizplus · Accepted Answer

To calculate the annual dividends, we need to multiply the dividend rate (12%) by the par value ($20) and then by the number of issued shares (250).

Annual dividends = 12% x $20 x 250 = $600

Therefore, the correct answer is B.

What Are the Annual Dividends on Preferred Stock,$20 Par,500 Authorized,250