Yorks outstanding stock consists of 31,000 shares of noncumulative 6.00% preferred stock with a $10...
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Yorks outstanding stock consists of 31,000 shares of noncumulative 6.00% preferred stock with a $10 par value and also 77,500 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: 2015 $ 15,000 2016 17,600 2017 110,000 2018 193,000 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined. (Round "Dividend Rate (%)" to 1 decimal place and "Dividend per Preferred Share" to 2 decimal places.)
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