An entity commenced operations on April 1, 20x0, with outstanding share capital of 52700, $2 cumulative preferred shares, and 103500 common shares. In the year ended April 1, 20x1, the company paid dividends of $125900 What was the dividend per common share?

Select one:

a. $0.00

b. $0.20

c. $0.71

d. $1.22