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Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Fiorida and Georgla. 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 Fiorida and Georgla. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1,$16,000;20Y2,$32,000;20Y3,$76,000;20Y4,$88,000;20Y5,$112,000; and 20x,$144,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, preferred 2% stock, $100 par, and 100,000 shares of common stock, $10 par. Required 1. Determine the total dildends and the per-share dividends dedared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summanize the data in tabular form. If required, round your per share answers to two decimal places. If the amount is zero, please enter "0." 2. Determine the average annual dividend per share for each class of stock for the shk-year period. If required, round your answers to two decimal piaces. Average annual dividend for preferred per share Averoge annual aividend for comman per share 3. Assuming a market price per share of $182 for the preferred stock and $16 for the common stock, determine the average annual percentege return an 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 Common stock

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