BONUS (1 point each): A corporation has issued 85,000 shares of $75 par, 4% preferred stock and holds 5,000 of these shares in the treasury. The corporation's Board of Directors declares an annual dividend. 1. How many shares of preferred stock are outstanding on the declaration date? shares 2. What is the annual amount that should be paid to the preferred stockholders? $ A corporation has 100,000 shares of $20 par value common stock outstanding. 3. If the corporation issues a 4-for-1 stock split, the number of shares outstanding after the split will be shares 4. and the par value after the split will be $
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