Fairmount Inc, a developer of radiology equipment, has stack outstanding as foll

Question

Fairmount Inc, a developer of radiology equipment, has stack outstanding as follows: 14,000 shares of cumulative preferred 4% stock, $130 par, and 47,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year $48,720; second year, $67,760; third year $125,420; fourth year, $138,130. Calculate the dividends per share on each class of stack for each of the four years. Round all answers to two decimal places. If no dividends are paid in given year, enter "0". preferred stock (dividend per share)________common stock (dividend per share)

Explanation / Answer

DPS year 1 year 2 year 3 year 4 preferred 3.48 4.84 7.28 5.2 common 0 0 2.05 1.39

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