Martinez Ltd. has the following equity accounts on January 1, 2017. Preferred shares outstanding: 2,500 shares $  62,500 Common shares outstanding: 4,000 shares 400,000 

(a) What was the average issue price of the preferred shares? 

(b) Of the common shares? 

(c) If the preferred shares pay a dividend of $1 per share and are participating, what is the per-share dividend that would be allocated to the common shares before any additional dividend would be paid to preferred shareholders for participation?

Answer rating: 100% (QA)

a Average issue price of Preferred share 625002500 25 b Average is... View the full answer