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Calculate the amount of dividends due preferred shareholders

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Problem 1: The board of directors of JYP Inc. has declared a dividend of Php 20,000,000. The company has 50,000 shares preferred stock that pays Php 60 per share and 100,000 shares of common stock. Calculate the amount of dividends due the preferred shareholders and the dividend per share of common stock.

Reference no: EM132918568

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