1st Year | 2nd Year | 3rd Year | 4th Year | |
Preferred Stock dividend per year | $140*3% = $4.20 | $140*3% = $4.20 | $140*3% = $4.20 | $140*3% = $4.20 |
Common Stock dividend per year | 0 | ($138,570-(($4.20*23,000*2)-64,630))/77,000 = $0.13 | ($172,200-($4.20*23,000))/77,000 = $.98 | ($199,010-($4.20*23,000))/77,000 = $1.33 |
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