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The board of directors of a human resources outsourcing company has declared a dividend of $2,000,000. The company has 700,000 shares of preferred stock that
The board of directors of a human resources outsourcing company has declared a dividend of $2,000,000. The company has 700,000 shares of preferred stock that pay $0.60 per share and 1,800,000 shares of common stock. (a) What are the dividends (in $) due the preferred shareholders? $ (b) What is the dividend per share (in $) of common stock? (Round your answer to the nearest cent.) $ Need Help? Read It 1-70.58 Points] DETAILS BRECMBC9 20.1.030.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You purchase 360 shares of stock at $39.80 per share. Several months later you sell the shares at $35.10. Your broker charges 3% commission on round lots and 4% on odd lots. Calculate the gain or loss (in $) on the transaction. $
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