points York’s outstanding stock consists of 12,000 shares


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points York’s outstanding stock consists of 12,000 shares of noncumulative 8.60% preferred stock with a $10 par value and also 30,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: 2013 $ 8,000 2014 8,320 2015 80,000 2016 193,000 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined. (Round your “Dividend per Preferred Share” answers to 2 decimal places.) PresidentHackerFinch5345
posted a question · Nov 03, 2013 at 1:30pm

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