Infosys Company

) A company's director said during the board meeting: " The company's income from roads will be sufficient to pay 6% of the entire stock issue, but since we are paying 7.5% interest on the preferred stock of Rs.4, 000,000 we are able to pay only 5% of the common stock". Find the value of the common stock.

Read Solution (Total 1)

let common stack = x
7.5% of 4,000,000 = 3000000
5% of x = 7.5% of 4,000,000
= 3000000
x = 60000000
10 years agoHelpfull: Yes(2) No(0)

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