Brian's Stereo Ltd Issued Preferred Shares That Have a $10

Multiple Choice

Brian's Stereo Ltd issued preferred shares that have a $10 dividend. This means that:

A) The amount of the dividend is $10 per year per share.
B) The market price is $100 per share.
C) Preferred shareholders have a guaranteed dividend.
D) Preferred shareholders are entitled to 10% of the annual profit.
E) The market price is $10 per share.