Exercise 11-11 (Static) Dividends on common and noncumulative preferred stock LO C2 York’s outstanding stock consists of

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Exercise 11-11 (Static) Dividends on common and
noncumulative preferred stock LO C2
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:
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.)

Exercise 11 11 Static Dividends On Common And Noncumulative Preferred Stock Lo C2 York S Outstanding Stock Consists Of 1 (19.57 KiB) Viewed 53 times

Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end $ Year 1 Year 2 Year 3 Year 4 20,000 28,000 200,000 350,000 598,000 Total: $ $