Question
i need help with this York's outstanding stock consists of 70,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 120,000
i need help with this
York's outstanding stock consists of 70,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 120,000 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.
Year 1 total cash dividends $ 15,000
Year 2 total cash dividends 24,200
Year 3 total cash dividends 265,000
Year 4 total cash dividends415,000
Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. in TABLE FORM (Round your "Dividend per Preferred Share" answer to 3 decimal places.)
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