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What is the dividend per share amount

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Question - Red company had stock outstanding as follows: 16,000 shares of $4 cumulative preferred stock of $100 par, and 20,000 shares of $20 par common. During its frist three years of operations, the following amounts were distributed as dividends; first year, $26,000; second year, 48,000; third, 180,000.

What is the dividend per share amount that the common share holders received in year 3?

Reference no: EM132189426

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