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Internal Insights Inc, a developer of radiology equipment, has stock outstanding as folows: 22,000 shares of cumulative preferred 2% stock, 3110 pac and 73,000 shares
Internal Insights Inc, a developer of radiology equipment, has stock outstanding as folows: 22,000 shares of cumulative preferred 2% stock, 3110 pac and 73,000 shares of 5:0 par common. During its first four years of operations, the following amounts were distributed as dividends: first year $32,40; second year $74,460, third year $101,340, fourth year $141,840 Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. Il no dividends are paid in a given year, leave it blank 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) 1.47 2.93 1.63 X 1.63 X Common stock (dividend per share) 0.14 0.19 X 1.05 X Freak Check My Wor Is the preferred stock cumulative or non-cumulative stock? Determine the amount of current dividends that preferred stock should receive per year is the question asking for a per share amount or total amount perdess of stock
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