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Dividends Per Share
Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 19,000 shares of cumulative preferred 2% stock, $160 par, and 63,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $40,660; second year, $90,940; third year, $126,700; fourth year, $176,090.
Problem 1: Compute the dividend per share on each class of stock for each of the four years
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