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At the start of 2008, Cambridge Company has 10,000 outstanding shares of preferred stock, each with a $50 par value and a cumulative 8% annual
At the start of 2008, Cambridge Company has 10,000 outstanding shares of preferred stock, each with a $50 par value and a cumulative 8% annual dividend. The company also has 18,000 shares of common stock outstanding with par value of $20 per share. At the beginning of 2012, the company has a 3-for-2 common stock split. The company pays total cash dividends as follows.
2008 | $0 |
2009 | $ 30,000 |
2010 | $ 114,000 |
2011 | $91,400 |
2012 | $65,000 |
Calculate the dividends paid to each category of stockholders, in total (whole numbers) and per share (use 2 decimal points). Provide your answer in thousands.
Total Preferred | Total Common | Per share Preferred | Per share Common | |
---|---|---|---|---|
2008 | Answer | Answer | Answer | Answer |
2009 | Answer | Answer | Answer | Answer |
2010 | Answer | Answer | Answer | Answer |
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