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Determine the dividends per share for preferred stock

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Reference no: EM132255752

Question - Macy Company has 10,000 shares of 2% cumulative preferred stock of $50 par and 25,000 shares of $75 par common stock. The following amounts were distributed as dividends:

Year 1

$30,000

Year 2

6,000

Year 3

80,000

Required: Determine the dividends per share for preferred and common stock for each year.

Reference no: EM132255752

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