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Dividend Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 17,000 shares of cumulative preferred 1% stock, $160
Dividend Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 17,000 shares of cumulative preferred 1% stock, $160 par, and 57,000 shares of $20 per common. During its first hour years of operations, the following amounts were distributed as dividends: first year, $18,190; second year, $46,210; third year, $68.290; fourth year, $110,990. Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, leave blank Preferred stock (dividend per share) Common stock (dividend per share) My W 1st Year 17,000 X 2nd Year 3rd Year 4th Year Is the preferred stock cumulative or non-cumulative stock? Determine the amount of current dividends that preferred stock should receive per year. Is the question asking for a per share amount or total amount per class of stock?
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