tanner corporation declared a $3 million dividend in 2018 the following share capital was outstanding 4,000,000 common shares 50,000 cumulative preferred shares with an $8 dividend amount no dividend was declared in 2017 how much will be distributed per share to the preferred shareholders and common shareholders, respectively

$8 and $0.55 

$16 and $0.65

$16 and $0.55

$8 and $0.65

Answer rating: 100% (QA)

total dividend declared3000000 preferred stocks dividend ... View the full answer