Find the dividend per share

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Reference no: EM13279860

Computer Company: Since the computer business is booming, a small new company had decided to pay no dividend for 3 years and, instead reinvest the profits in expansion. During the fourth year, the board decides to pay a dividend of $2,675,000. Find the dividend per share if the company has outstanding 20,000 cumulative preferred shares of $100 par share value at 5% and 450,000 common shares.

Reference no: EM13279860

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