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Determine total cash dividents paid to preferred stockholder

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Question: Magic Corporation has 3,000 shares of $100, 5 percent cumulative preferred stock outstanding and 100,000 share of $1 par value common stock outstanding. In the company's first three years of operation its board of directors paid the following cash dividends; 2013, $10,000; 2014 $15,000; and 2015 $50,000

Determine the total cash dividents paid to the preferred and common stockholders during each of the three years.

Calculate dividents per share for preferred and common shareholders in the years dividents were paid

Reference no: EM132768180

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