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Determine the dividends per share for preferred stock

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Question - Oceanic Company has 25,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends:

20Y1 $281,300

20Y2 90,000

20Y3 337,500

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

Reference no: EM133095698

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