Business, 07.04.2020 18:58 breroyalee2584

York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: Year 1 total cash dividends $ 20,000 Year 2 total cash dividends 28,000 Year 3 total cash dividends 200,000 Year 4 total cash dividends 350,000 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.)

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York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 p...

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