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Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,700 shares of cumulative preferred 2% stock, $15 par, and 399,700 shares of
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,700 shares of cumulative preferred 2% stock, $15 par, and 399,700 shares of $27 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $55,800 ; second year, $77,200 ; third year, $80,800 ; fourth year, $99,400 .
Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,700 shares of cumulative preferred 2% stock, $15 par, and 399,700 shares of $27 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $55,800 ; second year, $77,200 ; third year, $80,800 ; fourth year, $99,400. 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 dividends are paid in a given year, enter "O". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) Common stock (dividends per share)Step by Step Solution
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