Raphael Corporation's common stock is currently selling on a stock exchange at $85 per share, and its current balance sheet shows the following stockholders' equity section:
|
|
Preferred stock-5% cumulative, $___ par value, 1,000 shares
authorized, issued, and outstanding
|
$
|
50,000
|
|
Common stock-$___ par value, 4,000 shares authorized, issued,
and outstanding
|
|
80,000
|
|
Retained earnings
|
|
150,000
|
|
|
|
|
Total stockholders' equity
|
$
|
280,000
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1. What is the current market value (price) of this corporation's common stock?
2. What are the par values of the corporation's preferred stock and its common stock?
3. If two years' preferred dividends are in arrears and the board of directors declares cash dividends of $11,500, what total amount will be paid to the preferred and to the common shareholders?
4. What is the amount of dividends per share for the common stock?