Determine the dividends per share for preferred stock

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Question - Oceanic Company has 10,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $30 par common stock. The following amount was distributed as dividends: 20Y3 90,000. Determine the dividends per share for preferred and common stock for year 3. Round answers to two decimal places.

Reference no: EM133019329

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