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Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows:
70,000 shares of cumulative preferred 3% stock,
$20 par and 410,000 shares of $25 par common.
During its first four years of operations, the following amounts were distributed as dividends:
first year, $32,000;
second year, $73,000;
third year, $90,000;
fourth year, $110,000.
Problem 1: Determine the dividends per share on each class of stock for each of the four years
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