Solution-What is the per-share dividend that should be

What is the per-share dividend that should be allocated

Reference no: EM132829357

Problem 1: 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?

Option 1: $5.77

Option 2: $5.92

Option 3: $6.07

Option 4: $6.22

Option 5: $6.37

Reference no: EM132829357

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What is the per-share dividend that should be allocated

Reference no: EM132829357

Reference no: EM132829357

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