Question
Acura Labs Inc. has an outstanding issue of preferred stock with a par value of ​$50 and an 18​% annual dividend.
a. What is the annual dollar​ dividend? If it is paid​ quarterly, how much will be paid each​ quarter?  
b.If the preferred stock is noncumulative and the board of directors has passed the preferred dividend for the last 1 ​quarters, how much must be paid to preferred stockholders in the current quarter before dividends are paid to common​ stockholders?
c.If the preferred stock is cumulative and the board of directors has passed the preferred dividend for the last 1 ​quarters, how much must be paid to preferred stockholders in the current quarter before dividends are paid to common​ stockholders?
I just need C answer

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