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Lightfoot Inc, software firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 3% stock, $20 par, and 38,000 shares of $75 par common.
Lightfoot Inc, software firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 3% stock, $20 par, and 38,000 shares of $75 par common. During its first four years of operation, the following amounts were distributed as dividends: first year, $6,900; second year, $11,400; third year, $68,760; fourth year, $130,480. Calculate the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places.
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