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Fairmount inc,A developer of radiology equipment has stock outstanding as follows 20,000 shares of cumulative preferred 3% stock, 150$ par and 67000 shares of 5$
Fairmount inc,A developer of radiology equipment has stock outstanding as follows 20,000 shares of cumulative preferred 3% stock, 150$ par and 67000 shares of 5$ par common. During it's first four years of operations the following amounts were distributed as dividends: first year $60400; second year $83800 ; third year $165330; fourth year $199880
Calculate the dividends per share on each class of stock for the four years.
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