Question
. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends
. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summarize the data in tabular form. If required, round your per share answers to two decimal places. If the amount is zero, please enter "0".
Preferred Dividends | Common Dividends | ||||||||||||||||||||
Year | Total Dividends | Total | Per Share | Total | Per Share | ||||||||||||||||
20Y1 | $ 24,000 | ||||||||||||||||||||
20Y2 | 48,000 | ||||||||||||||||||||
20Y3 | 108,000 | ||||||||||||||||||||
20Y4 | 138,000 | ||||||||||||||||||||
20Y5 | 174,000 | ||||||||||||||||||||
20Y6 | 216,000 | ||||||||||||||||||||
2. Determine the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places.
Average annual dividend for preferred | fill in the blank |
Average annual dividend for common | fill in the blank |
3. Assuming a market price per share of $169 for the preferred stock and $10 for the common stock, determine the average annual percentage return on initial shareholders investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock.
Round your answers to two decimal places.
Preferred stock | fill in the blank |
Common stock | fill in the blank |
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