Please give complete explanation within 15 minutes thanking you. On October 1, 4 the board of directors of Wisconsin Steelworks voted to distribute $1,500,000 to the firm's stockholders. If the firm has issued 75000shares of 5% preffered stock with a par value of $25 and 2,170.000 shares of common stock outstanding ,calculate the following (round all answers to the nearest cent)

a) Dividend per share of preferred stock. $ ?

b) Dividend per share of common stock $?