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Calculate the dividends per share on each class of stock

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Maurice Inc. has stock issued as follows: 20,000 shares of cumulative 4% preffered stock $100 par and 100,000 shares of $50 par common. During its first five years of operations the following was declared as dividends: 1st year- none; 2nd year-$20,000; 3rd year $80,000; 4th year-$220,000; 5the year- $240,000.

Problem 1: Calculate the dividends per share on each class of stock for each of the five years.

Reference no: EM132716723

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