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Question 1: A corporation has 15,000 shares of 11?%, $100.00 par noncumulative preferred stock outstanding and 21,000 shares of no-par common stock outstanding. At the end of the current? year, the corporation declares a dividend of $220,000. What is the dividend per share for preferred stock and for common? stock? ?(Round your answer to the nearest? cent.)
A. The dividend per share is $11.00 to preferred stock and $23.10 to common stock.
B. The dividend per share is $11.00 to preferred stock and $11.00 to common stock.
C. The dividend per share is $11.00 to preferred stock and $2.62 to common stock.
D. The dividend per share is $6.42 to preferred stock and $2.62 to common stock.
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