Question: Sea Horse Inc a software development firm has stock outstanding
Sea Horse Inc., a software development firm, has stock outstanding as follows: 80,000 shares of 1% preferred stock of $15 par, and 200,000 shares of $65 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $4,000; second year, $10,400; third year, $40,000; fourth year, $90,000. Calculate the dividends per share on each class of stock for each of the four years.
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