Mathematics, 28.01.2021 20:20 john9727

There are 7,500 shares of $10 par value participating 9 percent preferred stock outstanding, and 32,500 shares of common stock outstanding. The common stock cash dividend is $.50 per share, and total dividends of $50,000 are distributed. Remaining dividends are shared equally between common and preferred stockholders. Round your answers to two decimal places, if necessary.

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There are 7,500 shares of $10 par value participating 9 percent preferred stock outstanding, and 32,...