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Home Q & A Board Science-Related Homework Help Mathematics
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tifftran tifftran
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A year ago
Patrick Harrigan owned 200 shares of Marsh Company's convertible preferred stock at $12 par value. He converted each share of preferred stock into two shares of common stock. If the convertible preferred stock paid 8% annually and the common stock pays $0.60 a share this year, how much more dividend will Patrick Harrigan receive this year because of his conversion.
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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tk9790tk9790
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A year ago
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tifftran Author
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A year ago
Just got PERFECT on my quiz
jcarter
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Yesterday
Good timing, thanks!
jblazah
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2 hours ago
You make an excellent tutor!
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