Homework Answers
Preferred dividend = 9000*9*10% = 8100
| Preferred | Common | |
| Non Cumulative | ||
| Total | 8100 | 83000-8100 = 74900 |
| Per Share | 8100/9000 = 0.90 | 74900/38000 = 1.97 |
| Cumulative | ||
| Total | 24300 | 83000-24300 = 58700 |
| Per share | 24300/9000 = 2.7 | 58700/38000 = 1.54 |
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