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Question 16 1 pts Cantaloupe Corporation has 15,000 shares of 17%, $80 par cumulative preferred stock outstanding and 27,000 shares of no-par common stock outstanding.

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Question 16 1 pts Cantaloupe Corporation has 15,000 shares of 17%, $80 par cumulative preferred stock outstanding and 27,000 shares of no-par common stock outstanding. Preferred dividends of $27,500 are in arrears. At the end of the current year, the corporation declares a dividend of $250,000. What is the dividend per share for preferred stock and for common stock? (Round your answer to the nearest cent.) The dividend per share is $8.00 for preferred stock and $9.59 per share for common stock, The dividend per share is $15.43 for preferred stock and 50.69 per share for common stock The dividend per share is $16.67 for preferred stock and SO per share for common stock The dividend per share is $16.67 for preferred stock and 50.69 per share for common stock

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