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L -asiy a progress=false -h 12 HW eBook Show Me How Calculator Dividends Per Share Seacrest Company has 10,000 shares of cumu
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Answer:

Year 1 Year 2 Year 3
Preferred Stock (dividend per share) $1.00 $ 0.40 $ 1.60
Dividend Stock (dividend per share) $ 0.30                       -   $ 0.28
Workings:
Preferred Stock Dividend Stock Total
(i) (ii)
Year 1                   10,000               15,000             25,000
Year 2                     4,000                       -                 4,000
Year 3                   16,000               14,000             30,000
Preferred Stock Dividend Stock
(i) / 10000 (ii) / 50000
Year 1                       1.00                   0.30
Year 2                       0.40                       -  
Year 3                       1.60                   0.28
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