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Determine dividends per share for common stock for year

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Reference no: EM132917329

Oceanic Company has 10,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $30 par common stock. The following amount was distributed as dividends:

20Y3 90,000

Problem 1: Determine the dividends per share for preferred and common stock for year 3. Round answers to two decimal places.

Reference no: EM132917329

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