Exercise 13-12

Required information [The following information applies to the questions displayed below] York's outstanding stock consists of 70,000 shares of cumulative 6.0% pteferred stock with a $5 par value and also 180,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: (Round your "Dividend per Preferred Share" answer to 3 decimal places.)