Allocate dividends to each type of stock under assumptions

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Reference no: EM131205080

Cajun Company has outstanding 2,500 shares of $103 par, 7% preferred stock and 17,300 shares of $10 par value common. The following schedule shows the amount of dividends paid out over the last 4 years. Allocate the dividends to each type of stock under assumptions (a) and (b). Express your answers in per-share amounts using the format shown below.

Reference no: EM131205080

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