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Pine Cone Theater Inc. owns and operates movie theaters throughout Maine. Pine Cone has declared the following annual dividends over a six - year period:
Pine Cone Theater Inc. owns and operates movie theaters throughout Maine. Pine Cone has declared the following annual dividends over a sixyear period: Year $; Year $; Year $; Year $; Year $; Year $ During the entire period ended December of each year, the outstanding stock of the company was composed of shares of cumulative, preferred stock, $ par, and shares of common stock, $ par. Instructions: Determine the total dividends and the dividends per share declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of Year Determine the average annual dividend per share for each class of stock for the sixyear period. Assuming a market price per share of $ for the preferred stock and $ for the common stock, determine the average annual percentage return on initial shareholders investment, based on the average annual dividend per share a for preferred stock, and b for common stock.
Pine Cone Theater Inc. owns and operates movie theaters throughout Maine. Pine Cone has declared the following annual dividends over a sixyear period: Year $; Year $; Year $; Year $; Year $; Year $ During the entire period ended December of each year, the outstanding stock of the company was composed of shares of cumulative, preferred stock, $ par, and shares of common stock, $ par.
Instructions:
Determine the total dividends and the dividends per share declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of Year
Determine the average annual dividend per share for each class of stock for the sixyear period.
Assuming a market price per share of $ for the preferred stock and $ for the common stock, determine the average annual percentage return on initial shareholders investment, based on the average annual dividend per share a for preferred stock, and b for common stock.
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