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Wildhorse Corporation began operations in 2022 with the following capital structure: 1. Common shares, Class A: 8,070,000 authorized and outstanding. The Class A common shares
Wildhorse Corporation began operations in 2022 with the following capital structure: 1. Common shares, Class A: 8,070,000 authorized and outstanding. The Class A common shares are entitled to 10 votes per share and to receive dividends as declared by the board of directors. Total share capital for the Class A common shares at the end of the year was $16.14 million. 2. Common shares, Class B: unlimited authorized; 1,000,000 issued and outstanding. Class B shares are entitled to one vote per share. The Class B shares receive dividends as declared by the board of directors equal to Class A shares. Total share capital for the Class B shares at the end of the year is $35.00 million. 3. Preferred shares: unlimited authorized; 3,380,000 issued and outstanding. The cumulative participating preferred shares are non-voting and received a preferential dividend of $0.16 per share per year. Total share capital for the preferred shares as at the end of the year was $16.90 million. (d) On average, what was the original share price for each class of shareholder? Class A common shareholders $ per share Class B common shareholders $ per share Preferred shareholders $ per share eTextbook and Media Attempts: 0 of 2 used (e) The parts of this question must be completed in order. This part will be available when you complete the part above
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