Homework Answers
Solution 1:
| Allocation of dividend Preferred and common shareholders | ||||
| Year | Total Dividends (A) | Preferred dividend per year (B) | Preferred dividend paid ( C ) | Common dividend paid ( D )(A - C) |
| 2011 | $10,000.00 | $30,000.00 | $10,000.00 | $0.00 |
| 2012 | $35,000.00 | $30,000.00 | $30,000.00 | $5,000.00 |
| 2013 | $100,000.00 | $30,000.00 | $30,000.00 | $70,000.00 |
| 2014 | $196,000.00 | $30,000.00 | $30,000.00 | $166,000.00 |
| Total | $100,000.00 | $241,000.00 | ||
Solution 2:
| Allocation of dividend Preferred and common shareholders | ||||
| Year | Total Dividends (A) | Preferred dividend per year (B) | Preferred dividend paid ( C ) | Common dividend paid ( D )(A - C) |
| 2011 | $10,000.00 | $30,000.00 | $10,000.00 | $0.00 |
| 2012 | $35,000.00 | $30,000.00 | $30,000.00 | $5,000.00 |
| 2013 | $100,000.00 | $30,000.00 | $30,000.00 | $70,000.00 |
| 2014 | $196,000.00 | $30,000.00 | $30,000.00 | $166,000.00 |
| Total | $100,000.00 | $241,000.00 | ||
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