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Please help with this question Chapter 13 Ex 13-1 Algo nmentM -true eBook Show Me How Calculator Dividends Per Share Fairmount Inc., a developer of
Please help with this question Chapter 13 Ex 13-1 Algo
nmentM -true eBook Show Me How Calculator Dividends Per Share Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative preferred 2% stock, $160 par, and 50,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $32,100; second year, $44,700; third year, $88,700; fourth year, $108,000. Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no divi are paid in a given year, enter "O" 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) 0 0 Common stock (dividend per share)Step by Step Solution
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