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PT X has nominal preference shares of Rp. 1 billion, 6%. PT X's profit during the year was Rp. 200 million, so the dividend for preferred shareholders is: a. IDR 60 million b. IDR 72 million C. IDR 12 million d. All wrong answers e. The amount is determined at the general meeting of shareholders

PT X has nominal preference shares of Rp. 1 billion, 6%. PT X's profit during the year was Rp. 200 million, so the dividend for preferred shareholders is: a. IDR 60 million b. IDR 72 million C. IDR 12 million d. All wrong answers e. The amount is determined at the general meeting of shareholders

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter12: Investing In Stocks And Bonds
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Problem 4FPE: The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million...
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PT X has nominal preference shares of Rp. 1 billion, 6%. PT X's profit during the year was Rp. 200 million, so the dividend for preferred shareholders is: a. IDR 60 million b. IDR 72 million C. IDR 12 million d. All wrong answers e. The amount is determined at the general meeting of shareholders
Transcribed Image Text:PT X has nominal preference shares of Rp. 1 billion, 6%. PT X's profit during the year was Rp. 200 million, so the dividend for preferred shareholders is: a. IDR 60 million b. IDR 72 million C. IDR 12 million d. All wrong answers e. The amount is determined at the general meeting of shareholders
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