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Sagot :
$22500 is interest rate of common tock for each year.
What is an explanation of the interest rate?
An interest rate informs you of how much borrowing will cost you and how much saving will pay off.
Therefore, the interest rate is the amount you pay for borrowing money and is expressed as a percentage of the entire loan amount if you are a borrower.
Amount distributed as dividends = $15000
Total Preferred dividend to be paid = $37500
But Total Preferred dividend paid/avaiable = $15000
dividend per share(P.S) = $0.60 **(15000 / 25000shares)
Since the preferred stock cumulative dividend to be paid in Next year due to less payment in current year would be = $22500 or $0.90 per share
Remaining dividend = 0
Equity dividend per share = 0
Learn more about interest rate.
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