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Laurier Inc. has the following shares outstanding 2000 Common shares outstanding 700 Preferred shares outstanding, cumulative, with 2 years of outstanding dividends in addition
Laurier Inc. has the following shares outstanding 2000 Common shares outstanding 700 Preferred shares outstanding, cumulative, with 2 years of outstanding dividends in addition to the current year. The preferred shares pay dividends of $0.60 per share per year. During the current year, a dividend of $ 5400 was declared. How much would the common shareholder's receive per share. Round your answer to the nearest cent. ie. 0.26
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