On November 1, 2026, Juno, Inc. declared a dividend of $3.00…

On November 1, 2026, Juno, Inc. declared a dividend of $3.00 per share on common stock. Juno, Inc. has 10,000 shares of common stock outstanding and 20,000 shares of preferred stock. The date of record is November 15, and the payment date is November 30, 2026. Regarding the date of record, which of the following statements is true?

The face value of a bond is $100,000, its stated rate is 6%,…

The face value of a bond is $100,000, its stated rate is 6%, and the term of the bond is five years. The bond pays interest semiannually. At the time of issue, the market rate is 8%. What is the present value of the bonds at issuance?   Present value of $1:     4% 5% 6% 7% 8% 5 0.822 0.784 0.747 0.713 0.681 6 0.790 0.746 0.705 0.666 0.630 7 0.760 0.711 0.665 0.623 0.583 8 0.731 0.677 0.627 0.582 0.540 9 0.703 0.645 0.592 0.544 0.500 10 0.676 0.614 0.558 0.508 0.463   Present value of ordinary annuity of $1:     4% 5% 6% 7% 8% 5 4.452 4.329 4.212 4.100 3.993 6 5.242 5.076 4.917 4.767 4.623 7 6.002 5.786 5.582 5.389 5.206 8 6.733 6.463 6.210 5.971 5.747 9 7.435 7.108 6.802 6.515 6.247 10 8.111 7.722 7.360 7.024 6.710  

Electric, Inc. was incorporated on January 1, 2023. Electric…

Electric, Inc. was incorporated on January 1, 2023. Electric issued 11,000 shares of common stock and 500 shares of preferred stock on that date. The preferred stock is cumulative, $100 par, with an 8% dividend rate. Electric has not paid any dividends yet. In 2026, Electric had its first profitable year, and on November 1, 2026, Electric declared a total dividend of $64,000. What is the total amount that will be paid to preferred shareholders?