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Determine the dividends per share for preferred stock

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Reference no: EM132478702

Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:

Year 1:     $10,000

Year 2:       45,000

Year 3:        90,000

Question 1: Determine the dividends per share for preferred and common stock for the third year.

a. $4.50 and $0.25

b. $3.25 and $0.25

c. $4.50 and $0.90

d. $2.00 and $0.25

Reference no: EM132478702

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