vhife5685 vhife5685
  • 20-08-2018
  • Business
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Xeris, inc. has 1,000 shares of 5%, $10 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at december 31, 2018. what is the annual dividend on the preferred stock?

Respuesta :

ariston ariston
  • 20-08-2018

Annual dividend on preferred stock = 0.05*10*1000 =$500

Annual dividend on preferred stock = $500

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