How do you calculate dividends per share?
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Dividends per share: Lasers4U Company has 10,000 shares of 2% cumulative preferred stock of $50 par and 25,000 shares of $100 par common stock. The following amounts were distributed as dividends: year 1: $18,000 year 2: $7,500 year 3: $35,000 Determine the dividends per share for preferred and common stock for each year. Can someone explain to me how to do this type of problem?
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Answer:
- from year 3
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