Reference no: EM13823888
Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 19,000 shares of cumulative preferred 4% stock, $110 par, and 63,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $56,050; second year, $77,710; third year, $159,880; fourth year, $202,670.
Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0".
1st Year 2nd Year 3rd Year 4th Year
Preferred stock (dividend per share) $ $ $ $
Common stock (dividend per share) $ $ $ $
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