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On May 17, 2020, the board of directors of Overload Spring Company voted to distribute $1,620,000 to the firm's stockholders. If the firm has issued
On May 17, 2020, the board of directors of Overload Spring Company voted to distribute $1,620,000 to the firm's stockholders. If the firm has issued 75,000 shares of 3% preferred stock with a par value of $10 and 2,210,000 shares of common stock outstanding, calculate the following. (Round all answers to the nearest cent.) 1. Dividend per share of preferred stock: x ? si si 2. Dividend per share of common stock: E
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