Question: 1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. Summarize the data in

1. Determine the total dividends and the
1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. Summarize the data in tabular form, using the following column headings: Preferred Dividends Common Dividends Year Total Dividends Total Per Share Total Per Share 2008 $ 28,000 2009 44,000 2010 48,000 2011 60,000 2012 76,000 2013 140,000 2. Calculate the average annual dividend per share for each class of stock for the six-year period. 3. Assuming that the preferred stock was sold at $57.50 and common stock was sold at $5.00 at the beginning of the six-year period, calculate the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock. 315-316)

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