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21) Hometown Grocery, Inc. has 43,000 shares of common stock outstanding and 2,000 shares of preferred stock outstanding. The common stock is $6.00 par value;
21) Hometown Grocery, Inc. has 43,000 shares of common stock outstanding and 2,000 shares of preferred stock outstanding. The common stock is $6.00 par value; the preferred stock is 10% noncumulative with a $100.00 par value. On October 15, 2024, the company declares a total dividend payment of $40,000. What is the amount of dividend that will be paid for each share of common stock? (Round your answer to the nearest cent.) D) $1.08 OA) $0.47 B) $25.80 C) $2,580.00
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