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The Mark Company has $ 2 5 0 , 0 0 0 to pay dividends. The company has 2 5 , 0 0 0 shares

The Mark Company has $250,000 to pay dividends. The company has 25,000 shares of 8%, $50 par, preferred stock and 100,000 shares of $5 par common stock outstanding. The common stock is currently selling for $43 per share and the preferred stock is selling for $95 per share on the stock market. Determine the amount of dividends to paid for each class of stock -- preferred stock is nonparticipating and noncumulative. Compute the dividend yield on the preferred stock and common stock.

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