This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Board of Directors of The Neptune Corporation has declared a dividend of 2,600,000. The company ... (Read 117 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
on: Jun 24, 2018
The Board of Directors of The Neptune Corporation has declared a dividend of 2,600,000. The company has 600,000 shares of preferred stock that pay 2.50 per share and 1,500,000 shares of common stock. a. What are the dividends due the preferred shareholders? b. What is the dividend per share of common stock?

Question 2

Olga Gioulis purchased 7,000 in U.S. Treasury bills with a discount rate of 5.4 for a period of 4 weeks. How much interest did Olga earn on the T-bill investment? How much was the purchase price of Olga's T-bills? What was the effective interest rate of Olga's T-bill investment? (Round to the nearest hundredth of a percent)


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mk6555

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 1,500,000
b. 0.73

Answer to Question 2

29.08; 6,970.92; 5.42


laurencescou

  • Member
  • Posts: 593
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

jackie

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Notice Board in Restaurent Notice Board in Restaurent
Neptune Neptune
Examples of USP labels Source: Courtesy of Novartis Pharmaceuticals Corporation and Mallinckrodt Pha Examples of USP labels Source: Courtesy of Novartis Pharmaceuticals Corporation and Mallinckrodt Pha
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Biology Forums Q&A Board (Feb. 2022) Biology Forums Q&A Board (Feb. 2022)
Video: Four Giant Convection Cells oF Earth

For a complete list of videos, visit our video library