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A corporation has shares of ​% preferred stock outstanding.​ Also, there are shares of common stock outstanding. Par value for each is​ $100. If dividend is​ paid, how much goes to the preferred​ stockholders?

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abiolataiwo2015

Answer:

$600,000

Explanation:

Calculation for how much goes to the preferred​ stockholders

Using this formula

Preferred​ stockholders=Number of preferred shares outstanding * Preferred stock par value * Percentage of Annual dividend

Let plug in the formula

Preferred​ stockholders=50,000 x $100 x 0.12

Preferred​ stockholders= $600,000

Therefore If dividend is​ paid the amount of $600,000 goes to the preferred​ stockholders

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