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On September 24, 2020, the board of directors of Peterson Manufacturing voted to distribute $2,760,000 to the firm's stockholders. If the firm has issued 150,000

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On September 24, 2020, the board of directors of Peterson Manufacturing voted to distribute $2,760,000 to the firm's stockholders. If the firm has issued 150,000 shares of 4% preferred stock with a par value of $ 10 and 1,910,000 shares of common stock outstanding, calculate the following. (Round all answers to the nearest cent.) 1. Dividend per share of preferred stock: $ X $ ? 2. Dividend per share of common stock: $

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