Question 5 4 pts Snowman Company has issued 75,000 shares of $1 par, 6%, cumulative preferred stock. Preferred dividends are three years in arrears. Snowman Company has 200,000 shares of $0.50 par common stock issued and 50,000 shares of treasury stock. Total dividends declared in the current year are. $240,000. What is the dividend per share that common stockholders will receive (round to two decimals)? $1.10 $1.18 $1.48 O $1.57 O None of the above