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Author Question: The Board of Directors of The Neptune Corporation has declared a dividend of 2,600,000. The company ... (Read 77 times)

laurencescou

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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)


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mk6555

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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

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

bdobbins

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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