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Just need part B Question 10 --/1 View Policies Current Attempt in Progress Metlock Company has outstanding 2,400 shares of $100 par, 8% preferred stock
Just need part B
Question 10 --/1 View Policies Current Attempt in Progress Metlock Company has outstanding 2,400 shares of $100 par, 8% preferred stock and 15,500 shares of $10 par value common. The following schedule shows the amount of dividends paid out over the last 4 years. Allocate the dividends to each type of stock under assumptions (a) and (b). Express your answers in per-share amounts using the format shown below. (Round the rate of participation to 4 decimal places, e.g. 1.4278%. Round answers to 2 decimal places, eg. $6.85.) Assumptions (a) Preferred, noncumulative, and nonparticipating Preferred Common (b) Preferred, cumulative, and fully participating Preferred Common Year Paid-out 2018 $14,000 $ $ $ $ 2019 $28,100 $ $ $ $ 2020 $51,600 $ $ $ 2021 $77,300 $ $ $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used SubmitStep by Step Solution
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