Question: please help solve. Dividends on Preferred and Common Stock Yukon Bike Corp. manufactures mountain bikes and distributes them through retail outlets in Canada, Montana, Idaho,

Dividends on Preferred and Common Stock Yukon Bike Corp. manufactures mountain bikes and distributes them through retail outlets in Canada, Montana, Idaho, Oregon, and Washington Yukon Bike Corp. declared the following annual dividends over a six-year period ending December 31 of each year: Year 1, $30,000; Year 2, $37,500; Year 3. $60,000; Year 4, $173,000; Year 5, $218,000; and Year 6, $270,000. During the entire period, the outstanding stock of the company was composed of 25,000 shares of 3% preferred stock, $100 par, and 100,000 shares of common stock, $20 par Instructions: 1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. If required, round your answers to the nearest cent. If the amount is zero, please enter "0". Preferred Dividends Common Dividends Year Total Dividends Total Per Share Total Per Share Year 1 $ 30,000 $ Year 2 37,500 Year 3 60,000 Year 4 173,000 Year 5 218,000 CHII Year 6 270,000 2. Calculate the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to the nearest cent Average annual dividend for preferred: per share Preferred Dividends Common Dividends Year Total Dividends Total Per Share Total Per Share Year 1 $ 30,000 $ Year 2 37,500 60,000 Year 3 Year 4 173,000 lllll LIIIII Year 5 218,000 (II) Year 6 270,000 2. Calculate the average annual dividend per share for each class of stock for the six year period. If required, round your answers to the nearest cent Average annual dividend for preferred: Average annual dividend for common per share per share 3. Assuming a market price per share of $140 for the preferred stock and $26 for the common stock, calculate the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share for preferred stock and for common stock Round your answers to two decimal places Preferred stock % Common stock
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