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The shareholders' equity of Nick Co. includes the items shown below. The board of directors of Nick declared cash dividends of $5.0 million, $14.0 million,

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The shareholders' equity of Nick Co. includes the items shown below. The board of directors of Nick declared cash dividends of $5.0 million, $14.0 million, and $56.0 million in each of its first 3 years of operation: 2016, 2017, and 2018, respectively Common stock, $1 par, 50,000,000 shares outstanding Preferred stock, 7%?$100 par, 1,000,000 shares outstanding Required: Determine the amount of dividends per share on preferred and common stock for each of the three years. The preferred stock is noncumulative and nonparticipating (Round final answers to 2 decimal places.) 2016 2017 2018

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