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Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual

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Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 2071, $40,000; 2012, $80,000; 2043, $180,000; 2014, $230,000; 2045, $290,000; and 2016, $350,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 25,000 shares of cumulative, preferred 4% stock, $100 par, and 100,000 shares of common stock, $25 par. Required: 1. 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 2011. Summarize the data in tabular form. If required, round your per share answers to two decimal places. If the amount is zero, please enter "o". Preferred Dividende Commandende To Total Per Share Total Per Share Dividende $40,000 30,000 Year 2013 2012 2003 204 2015 2018 10,000 230,000 290,000 35,000 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 lendere Average annual aider for common 3. Assuming a market price per share of 5194 for the preferred stock and $29 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. Meie Pre mento

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