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Required information [The following information applies to the questions displayed below.] York's outstanding stock consists of 60,000 shares of moncumulative 7,5%-preferred stock with a $5
Required information [The following information applies to the questions displayed below.] York's outstanding stock consists of 60,000 shares of moncumulative 7,5%-preferred stock with a $5 par value and also 170,000 shares of common stock with a $1 par value. During its first four years-of operation, the-eopporation declafed and paid the following total cash dividends: Determine the amount of dividerdspaid-each year to each-of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Shere" answer in 3-decimal places.)
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