What was the dividend per common share in the second year

Reference no: EM13202118

Seton Company has issued 10,000 shares of $100 par value 8% noncumulative preferred stock and 100,000 shares of no-par value common stock. In the first year of operations, Seton declared and paid a $50,000 dividend. In the second year of operations, Seton declared and paid a $280,000 dividend. What was the dividend per common share in the second year?

Reference no: EM13202118

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