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Dividend Per Share Sandpiper Company has 10,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $15 par common stock. The following
Dividend Per Share
Sandpiper Company has 10,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:
Year 1$75,000Year 215,000Year 390,000Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places. If an amount box does not require an entry, leave it blank.
Year 1Year 2Year 3Preferred stock (Dividend per share)$fill in the blank 1$fill in the blank 2$fill in the blank 3Common stock (Dividend per share)$fill in the blank 4$fill in the blank 5$fill in the blank 6Step by Step Solution
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