Author Question: The board of directors of Clear Communications has declared a dividend of 2,500,000. The company has ... (Read 93 times)

javeds · **on:** Jun 24, 2018

The board of directors of Clear Communications has declared a dividend of 2,500,000. The company has 240,000 shares of preferred stock that pay 2.10 per share and 2,600,000 shares of common stock. After finding the amount of dividends due the preferred shareholders, calculate the dividend per share of common stock.
A) 0.37
B) 1.89
C) 0.69
D) 0.77

Question 2

If you sign a discount note for 4,200 at a bank discount rate of 9, for 90 days, what is the effective interest rate? (Round to the nearest tenth percent)
A) 9.2
B) 9.0
C) 7.3
D) 8.5