Green Planet Corp. holds (a) 5,000 shares of 10% cumulative preference with a par value of $2
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Question:
Green Planet Corp. holds
(a) 5,000 shares of 10% cumulative preference with a par value of $2 and
(b) 17,000 shares of common stock with a par value of $0.01. During its first two years of operation, Green Planet declared and paid the following total cash dividends.
Calculate the dividends paid each year to each of the two classes of stockholders: preferred and common.
Year 1 Total Cash Dividends | ps | 800 | |
Year 2 Total Cash Dividends | ps | 1,700 | |
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