Sunny Company has $50,000$ shares of $$100$ par value, $4\%$ cumulative preferred stock and $150,000$ shares of $$10$ par

value common stock. In $2021,$ the company declares and pays cash dividends amounting to $$870,000.$ If no dividends

were paid for the past two years, what is the dividends per share is paid to the common stockholders in $2021($rounded$)?$

  

Answer rating: 100% (QA)

To determine the dividends per share paid to the common stockholders in 2021 we first need to calcul... View the full answer