Company XYZ has issued 120,000 shares of common stock, 10,000 of which are treasury stock. The company has also issued 5,000 shares of 6%, $50 par, preferred stock. If the company has declared $75,000 in dividends, how much in dividends per share will common stockholders receive? (Round answer two decimal places)

Consider the following scenario: Company XYZ has issued 120,000 shares of common stock, 10,000 of which are treasury stock. The company has also issued 5,000 shares of 6%, $50 par, preferred stock. If the company has declared $75,000 in dividends, how much in dividends per share will common stockholders receive? (Round arswer two decimal places) Each stockholder will receive $0.68 in dividends 01 for each share held. Each stockholder will receive S0.54 in dividends for 02. each share held. $54.00 per share 03. 04 Cannot be determined with the information provided