What is the per-share dividend

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Question - As of January 1, XYZ Inc has 10,770 preferred shares outstanding for a total cost of $278,130. The company also has 17,250 common shares outstanding for a total cost of $1,724,170. If the preferred shares pay a dividend of $1.53 per share and are participating, what is the per-share dividend that should be allocated to the common shares before any additional dividend would be paid to preferred shareholders for participation?

Reference no: EM132895926

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