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Dividends per share: Sandpiper Company has 10,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $15 par common stock. The following
Dividends per share:
Sandpiper Company has 10,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:
Year | Amount |
---|---|
20Y1 | $37,500 |
20Y2 | 12,000 |
20Y3 | 45,000 |
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
Year | Preferred Stock (dividends per share) | Common Stock (dividends per share) |
---|---|---|
20Y1 | $fill in the blank 1 | $fill in the blank 2 |
20Y2 | $fill in the blank 3 | $fill in the blank 4 |
20Y3 | $fill in the blank 5 | $fill in the blank 6 |
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