If You Own 200 Preferred Shares That Is Cumulative and Is

Multiple Choice

If you own 200 preferred shares that is cumulative and is currently 2 years in arrears, what total amount would you be owed if the company has sufficient funds to pay all dividends.The preferred share has a $5 dividend.

A) $500
B) $1500
C) $5
D) $1000
E) $15