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On April 22, 2021, the board of directors of Spring Company voted to distribute $3,880,000 to the firm's stockholders. If the firm has issued 150,000
On April 22, 2021, the board of directors of Spring Company voted to distribute $3,880,000 to the firm's stockholders. If the firm has issued 150,000 shares of 3% preferred stock with a par value of $25 and 2,090,000 shares of common stock outstanding, calculate the following. (Round all answers to the nearest cent.)
1. Dividend per share of preferred stock: $
2. Dividend per share of common stock: $
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