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02-01-2023
Business

Answered

Oceanic company has 30,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $5 par common stock. the following amounts were distributed as dividends:
20y1 $202,500
20y2 54,000
20y3 405,000
determine the dividends per share for preferred and common stock for each year. round all answers to two decimal places. if an answer is zero, enter '0'.

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