Firmount inc a developer of radiology equipment has stock

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Reference no: EM13600877

Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative 4%, preferred stock of $150 par, and 77,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $92,460; second year, $128,340; third year, $233,240; fourth year, $249,650.

Calculate the dividends per share on each class of stock for each of the four years. Round all answers to the nearest cent. If no dividends are paid in a given year, enter "0".

1st Year 2nd Year 3rd Year 4th Year
Preferred
Common

Reference no: EM13600877

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