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Maurice Inc. has stock issued as follows: 20,000 shares of cumulative 4% preferred stock $100 par and 100,000 shares of $50 par common. During its
Maurice Inc. has stock issued as follows: 20,000 shares of cumulative 4% preferred stock $100 par and 100,000 shares of $50 par common. During its first five years of operations the following was declared as dividends: 1st year none; 2nd year - $20,000; 3rd year - $80,000; 4th year - $220,000; 5th year - $240,000. Calculate the dividends per share on each class of stock for each of the five years.
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