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7 Newcastle Corporation has 5,000 preferred shares outstanding, which were issued for $150,000 with a $2.00 dividend 8 rate, and 30,000 common shares, which
7 Newcastle Corporation has 5,000 preferred shares outstanding, which were issued for $150,000 with a $2.00 dividend 8 rate, and 30,000 common shares, which were issued for $550,000. 9 10 REQUIRED: 11 Newcastle Corporation has paid out dividends at the end of each fiscal year in accordance with the schedule shown below. Complete the schedule by calculating the dividends owing to each type of share under Assumptions A and B. Calculate your answers in per share amounts. Round intermediate calculations to three decimal places and round the 12 dividends per share amounts to two decimal places. 13 14 15 16 Assumptions A B Preferred, non-cumulative, Preferred, cumulative, and and non-participating fully participating Common Preferred Common 17 18 Year Paid-out Preferred 19 2020 $ 8,000 20 2021 $ 28,000 21 2022 $ 72,500 22 2023 $ 124,850 23 24 Jorennsce.
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