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Help with this question please. Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 14,000 shares of cumulative preferred
Help with this question please.
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 14,000 shares of cumulative preferred 3% stock, $120 par, and 47,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $33,740; second year, $77,060; third year, $102,050; fourth year, $137,820. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "O". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) $ Common stock (dividend per share) taStep by Step Solution
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