The brick corporation pays its cumulative preferred stockholders $1.95 per share. there are 40,000 shares of preferred stock and 80,000 shares of common stock. in 2001, 2002, and 2003, brick corporation did not declare a dividend. in 2004, the board of directors declared a $600,000.00 dividend. what is the amount that the common shareholder will receive per share?

The answer is C. $3.60

Step-by-step explanation:

42.4

step-by-step explanation:

convert to decimal

the terms of a geometric sequence can be found by beginning with the first term and multiplying by the common ratio repeatedly. a recursive formula for a geometric sequence with common ratio r is given by an=ran−1 a n = r a n − 1 for n≥2 n ≥ 2 .

step-by-step explanation: