Question

Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 19,000 shares of cumulative preferred 4% stock, $160 par, and 63,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $81,510; second year, $113,050; third year, $201,110; fourth year, $207,280.

Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0".

	1st Year	2nd Year	3rd Year	4th Year
Preferred stock (dividend per share)	$	$	$	$
Common stock (dividend per share)	$	$	$	$

Answer 1

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