Gamma Company's capital consists of $8,400$ shares of $$30$ par $5\mathrm{.}5\%$ preferred stock and

$35,000$ shares of no$-$par common stock. The board of directors declared a dividend of

$$65,000.$

What is the dividend per share for common stock?

$($Enter your answer in dollar and cents $-$ only two places past the decimal$)$

Answer