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Determine the dividends per share for preferred stock

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Question - Dividends Per Share - Oceanic Company has 25,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends:

20Y1 - $150,000

20Y2 - $60,000

20Y3 - $225,000

Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places.

Reference no: EM132994076

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