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Dividends Per Share Seacrest Company has 10,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of 5 par common stock. The following

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Dividends Per Share Seacrest Company has 10,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of 5 par common stock. The following amounts were distributed as dividends: Year 1 $37,500 Year 2 7,500 Year 3 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' Preferred Stock Common Stock (dividends per share) (dividends per share) 0.45 1.5 Year 1 0.75 Year 2 $ Year 3 Feedback Check My Work Determine what amount of current dividends that preferred stock should receive per year, Keep in mind that the question is asking for a dividend per sbare for each year and dass of stock rather than the total amount to be distributed to each class of stock Net

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