# W my applic X PRACTICE: CHAPTER 9 HW X CengageNOWV2 Online Cengage Learning RakeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress-false x...

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w my applic X PRACTICE: CHAPTER 9 HW X CengageNOWV2 Online Cengage Learning RakeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress-false x + - eBook Calculator Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 39 stock, $25 par and 38,000 shares of$50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $8,700; second year,$14,100; third year, $72,820; fourth year,$118,260. Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "o". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) 0.30 1.99 x Common stock (dividend per share) 1.00 X

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