Multiple Choice
If you own 100 preferred shares that is cumulative and is currently 1 year in arrears, what total amount would you be owed if the company has sufficient funds to pay all dividends.The preferred share has a $4 dividend.
A) $400
B) $800
C) $4
D) $8
E) $12
Correct Answer:
Verified
Correct Answer:
Verified
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