Modern Commercial Arithmetic
Modern Commercial Arithmetic
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In our eReader you can find the full English version of the book. Read Modern Commercial Arithmetic Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Modern Commercial Arithmetic
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Preferred stock is usually issued to persons who buy shares of stock when the corporation is in need of money.
STOCKS AND BONDS 259 PROBLEMS NOTE. Unless otherwise mentioned, a share is $100.
1. If a corporation declares an annual dividend of 8%, what dividend will a stockholder receive who owns 36 shares?
2. A corporation levied an assessment of 4%. What assess- ment was paid by a holder of 115 shares of stock?
8. A telegraph company declared dividends of 12% on pre- ferred stock and 9% on com...mon stock. What dividend was received by a holder of 48 shares of preferred and 25 shares of common stock?
4. A manufacturing company declared a dividend of 6% on preferred stock and 1% on common stock. Find the income from 26 shares of preferred stock and 50 shares of common stock.
5. A bank with $2650000 capital stock divided $145750 among its stockholders. What was the rate of dividend declared?
6. A railroad company lost $35550 on a capital stock of $1580000. What rate of assessment was necessary to cover the loss?
What to read after Modern Commercial Arithmetic?
You can find similar books in the "Read Also" column, or choose other free books by Frank Joseph Schneck to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Preferred stock is usually issued to persons who buy shares of stock when the corporation is in need of money.
STOCKS AND BONDS 259 PROBLEMS NOTE. Unless otherwise mentioned, a share is $100.
1. If a corporation declares an annual dividend of 8%, what dividend will a stockholder receive who owns 36 shares?
2. A corporation levied an assessment of 4%. What assess- ment was paid by a holder of 115 shares of stock?
8. A telegraph company declared dividends of 12% on pre- ferred stock and 9% on com...mon stock. What dividend was received by a holder of 48 shares of preferred and 25 shares of common stock?
4. A manufacturing company declared a dividend of 6% on preferred stock and 1% on common stock. Find the income from 26 shares of preferred stock and 50 shares of common stock.
5. A bank with $2650000 capital stock divided $145750 among its stockholders. What was the rate of dividend declared?
6. A railroad company lost $35550 on a capital stock of $1580000. What rate of assessment was necessary to cover the loss?
What to read after Modern Commercial Arithmetic?
You can find similar books in the "Read Also" column, or choose other free books by Frank Joseph Schneck to read onlineMoreLess
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