Copperhead Trust has the following classes of stock: LOADING...(Click the icon to view the data.) Read the requirementsLOADING.... Requirement 1. Copperhead declares cash dividends of $ 44 comma 000 for 2018. How much of the dividends goes to preferred stockholders? How much goes to common stockholders? (Complete all input boxes. Enter "0" for any zero amounts.) Copperhead's dividend would be divided between preferred and common stockholders in this manner:

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abdulmajeedabiodunac abdulmajeedabiodunac · Answer 1 · 2020-05-06T05:55:28+02:00

Answer:

Find attached complete question:

common stock dividends is $38,960

preferred stock dividends is $5,040

Explanation:

Going by the complete question,preferred stock dividends is computed thus:

preferred stock dividends=number of shares*par value*dividend rate

number of shares is 7000 (issued and outstanding)

par value of share is $12

dividend rate is 6%

preferred stock dividend=7000*$12*6%=$5040

The preferred stockholders would receive $5040 dividends while the remainder of dividends goes to common stockholders as shown below

Total dividends $44,000

preferred stock dividends ($5040)

common stock dividends $38,960