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Determine dividends per share for preferred and common stock

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Reference no: EM133044151

Question - Sandpiper Company has 10,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:

Year 1$75,000

Year 2 $24,000

Year 3 $90,000

Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.

Reference no: EM133044151

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