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Determine the dividends per share for preferred stock

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Question - Oceanic Company has 25,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends:

20Y1 $50,000

20Y2 20,000

20Y3 75,000

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: EM133089152

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