Pearland, Inc has 9,000 shares of preferred stock outstanding
The preferred stock has a $90 par value, a 14% dividend rate, and is noncumulative. If Pearland has sufficient funds to pay dividends, what is the total amount of dividends that will be paid out to preferred stockholders?
A) $32,143
B) $113,400
C) $57,857
D) $8,100
B .B) The total amount of dividends paid out to preferred stockholders =
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Uncle Robert sells his house to his niece Judy. He accepts a small down payment and takes back the balance of $125,000 at 11% interest as a junior loan. Judy agrees to make payments of $1,400 per month, which includes taxes and insurance. From the monthly payments, Robert puts aside a portion for the taxes and insurance and makes the payment on the existing underlying loan on the property. What type of financing did Robert provide for Judy?
a. All-inclusive b. Overriding c. Wraparound d. All of the above
The task of a lobbyist is ultimately rooted in the ________, which provides citizens the right to petition the government
A) Fifth Amendment B) Twenty-third Amendment C) First Amendment D) Sixth Amendment