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Business, 16.12.2019 22:31 yasarhan2

Robbins petroleum company is three years in arrears on cumulative preferred stock dividends. there are 870,000 preferred shares outstanding, and the annual dividend is $8.50 per share. the vice-president of finance sees no real hope of paying the dividends in arrears. she is devising a plan to compensate the preferred stockholders for 70 percent of the dividends in arrears.

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Robbins petroleum company is three years in arrears on cumulative preferred stock dividends. there a...
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