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7 0 . Bill's Fruit Wholesaler's Inc. declares $ 2 0 0 , 0 0 0 in dividends. It has outstanding 1 5 0 ,

70. Bill's Fruit Wholesaler's Inc. declares $200,000 in dividends. It has outstanding 150,000 shares of 6% $10 par preferred stock (non-cumulative and non-participating) and 85,000 shares of $5 par common stock. The market price per share of the preferred stock is $132.50 and the market price per share of the common stock is $ 325.75. What will be the dividend per share on preferred and common stock (rounded to the penny)?
Preferred stock
Common stock
a.
$0.08
$2.21
b.
$0.48
$1.51
$0.60
$1.29
d.
$1.33
$0.00

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