Every Flavour Confection Co. Series A Cumulative Preferred shares have a par value of $100, a dividend rate of 9% and are currently trading for $26.50. The series A preferred shares pay dividends annually on January 1. Today is Dec 31, 20X1. The company announced today that it has suspended dividends for January 1, 20X2 and 20X3 but plans to resume dividend payments in 20X4. What is the amount of dividend the company pay in 20X4? Round your answer to two decimal

Every Flavour Confection Co. Series A Cumulative Preferred shares have a par value of $100, a dividend rate of 9% and are currently trading for $26.50. The series A preferred shares pay dividends annually on January 1. Today is Dec 31, 20X1. The company announced today that it has suspended dividends for January 1, 20X2 and 20X3 but plans to resume dividend payments in 20X4. What is the amount of dividend the company pay in 20X4? Round your answer to two decimal

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 2P

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