Equinox Energy Corp. has 500,000 shares of $100 par value, 6.5%, cumulative preferred
Chapter 0, Problem 17(choose chapter or problem)
Equinox Energy Corp. has 500,000 shares of $100 par value, 6.5%, cumulative preferred stock and 8,400,000 shares of common stock. Although no dividend was declared for the past three years, a $19,000,000 dividend has been declared for this year. a. How much is due the preferred shareholders? b. What is the dividend per share of common stock?
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