A sports equipment company issued a $5.50 cumulative preferred stock. In 20X1, the firms board...
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A sports equipment company issued a $5.50 cumulative preferred stock. In 20X1, the firms board of directors voted to omit dividends for both the companys common and also its preferred stock. The corporations board of directors voted to pay dividends in 20X2. a. How much did the preferred shareholders receive in 20X1? (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) Dividend received by preferred shareholders in 20X1 $ per share b. How much did the common shareholders receive in 20X1? (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) Dividend received by common shareholders in 20X1 $ per share c. How much did the preferred shareholders receive in 20X2? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Dividend received by preferred shareholders in 20X2 $ per share
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