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Determine the dividends per share for preferred

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Oceanic Company has 25,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:

Year 1 $56,300
Year 2 18,800
Year 3 112,500

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: EM131770680

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