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Dividends on Preferred and Common Stock Yosemite Bike Corp. manufactures mountain bikes and distributes them through retail outlets in California, Oregon, and Washington. Yosemite Bike

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Dividends on Preferred and Common Stock Yosemite Bike Corp. manufactures mountain bikes and distributes them through retail outlets in California, Oregon, and Washington. Yosemite Bike has declared the : following annual dividends over a six-year period ended December 31 of each year: 20Y1, $24,250;20y2,$11,000;20Y3,$109,750;20Y4,$95,000;20Y5,$110,000; and 20Y6,$130,000. During the entire period, the outstanding stock of the company was cornposed of 25,000 shares of cumulative preferred 2% stock, $80 par, and 100,000 shares of common stock, $4 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 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 "o". 2. Determine the average annual dividend per share for each class of stock for the six-year period. Round your answers to two decimal places. Average annual dividend for preferred stock per share Average annual dividend for common stock 3. Astuming a market price of $100 for the preferred stock and $5 for the common stock, determine the average annual percentage return on initlal shareholders' investment, based on the average annual dividend per share (A) for preferred stock and (B) for commen stock. Round your answers to two decimal places

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