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Beagle Corporation has 23,000 shares of $10 par common stock outstanding and 17,000 shares of $100 par, 4.50% cumulative, nonparticipating preferred stock outstanding. Dividends have
Beagle Corporation has 23,000 shares of $10 par common stock outstanding and 17,000 shares of $100 par, 4.50% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $440,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively? |
a) | $4.50; $9.00 |
b) | $13.50; $9.15 |
c) | $4.50; $9.15 |
d) | None of the above is correct. |
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