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Apricot Corporation has 13,000 shares of 10%, $106 par noncumulative preferred stock outstanding and 24,000 shares of no-par common stock outstanding. At the end
Apricot Corporation has 13,000 shares of 10%, $106 par noncumulative preferred stock outstanding and 24,000 shares of no-par common stock outstanding. At the end of the current year, the corporation declares a dividend of $220,000. What is the dividend per share for preferred stock and for common stock? (Round your answer to the nearest cent.) The dividend per share is $10.60 to preferred stock and $22.64 to common stock. The dividend per share is $6.88 to preferred stock and $3.43 to common stock. The dividend per share is $10.60 to preferred stock and $10.60 to common stock. The dividend per share is $10.60 to preferred stock and $3.43 to common stock.
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