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On December 16, 10, the board of directors of Thompson & Thompson Builders voted to distribute $4,900,000 to the firm's stockholders. If the firm has
On December 16, 10, the board of directors of Thompson & Thompson Builders voted to distribute $4,900,000 to the firm's stockholders. If the firm has issued 200,000 shares of 3% preferred stock with a par value of $10 and 2,320,000 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: $0 $ 2 Save For Later Check
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