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As of 12/31/2017, Neyland Corp. has $10 par, 2% preferred stock, 10,000 shares outstanding, and $1 par common stock with 30,000 shares outstanding. The company

image text in transcribed As of 12/31/2017, Neyland Corp. has $10 par, 2% preferred stock, 10,000 shares outstanding, and $1 par common stock with 30,000 shares outstanding. The company last paid the preferred stock dividends in full as of 1/1/2016. Neyland pays $60,000 in dividends on 12/31/2017. What was the average dividend per share for common shareholders? $2.00 per share $1.93 per share $1.00 per share $1.87 per share None of the answers provided

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