What is the dividend per share of common stock

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Q1. Janus Associates, Inc. has 325,000 shares of $100 par value, 6% cumulative preferred stock and 3,500,000 shares of common stock. Although no dividend was declared last year, a $5,750,000 dividend has been declared this year.

a. What are the dividends due the preferred shareholders?

b. What is the dividend per share of common stock?

Q2. Lance bought 120 shares of stock at $25.28 per share. Several months later he sold the stock at $24.70 per share. His broker charges 3% commission for round lots and 4% for odd lots. Calculate the gain or loss on the transaction. (Show loss in parentheses)

Reference no: EM133416992

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