A company has a market capitalization of $20,000,000. It has 30% of its market cap sold under preferred stock and 70%
under common stock? How much money of the market capitalization is preferred stock?
CA 1000

$6,000,000

Explanation:

Hi, to answer this question we simply have to multiply the total market capital of the company (20,000,000) by the percentage under preferred stock (30%) in decimal form.

Mathematically speaking:

20,000,000 x (30/100) = $6,000,000

Feel free to ask for more if needed or if you did not understand something.  

i believe it’s b because the rest don’t make sense

answer; advertising;