What is the amount of dividends per share for common stock

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Reference no: EM132067513

Raphael Corporation's common stock is currently selling on a stock exchange at $85 per share, and its current balance sheet shows the following stockholders' equity section:


Preferred stock-5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding	$	50,000
Common stock-$___ par value, 4,000 shares authorized, issued, and outstanding		80,000
Retained earnings		150,000

Total stockholders' equity	$	280,000

1. What is the current market value (price) of this corporation's common stock?

2. What are the par values of the corporation's preferred stock and its common stock?

3. If two years' preferred dividends are in arrears and the board of directors declares cash dividends of $11,500, what total amount will be paid to the preferred and to the common shareholders?

4. What is the amount of dividends per share for the common stock?

Reference no: EM132067513

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