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Dividends Per Share Sandpiper Company has 20,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $20 par common stock. The following
Dividends Per Share Sandpiper Company has 20,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: 20Y1 $180,000 20Y2 36,000 20Y3 270,000 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 'o'. Preferred Stock (dividends per share) Common Stock (dividends per share) 20Y1 X 20Y2 $ X 20Y3 $
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