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1 Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulative preferred 2% stock, $160
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Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulative preferred 2% stock, $160 par, and 43,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $27,820; second year, $65,380; third year, $86,190; fourth year, $119,430. Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, leave it blank. Preferred stock (dividend per share) Common stock (dividend per share) 69 +A 1st Year $ +A 2nd YearStep by Step Solution
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