Yosemite Bike Corp. manufactures mountain bikes and distributes them through retail outlets in California, Oregon, and Washington. Yosemite Bike has declared the following annual dividends over a six-year period ended December 31 of each year: 20Y1, $23,750; 20Y2, $9,500; 20Y3, $119,250; 20Y4, $92,500; 20Y5, $112,500; and 20Y6, $137,500. During the entire period, the outstanding stock of the company was composed of 25,000 shares of cumulative preferred 2% stock, $85 par, and 100,000 shares of common stock, $4 par.

Required:

1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summarize the data in tabular form. If required, round your per share answers to two decimal places. If the amount is zero, please enter "0".

Preferred Dividends

Common Dividends

Year

Total Dividends

Total

Per Share

Total

Per Share

20Y1

$23,750

$fill in the blank 1

$fill in the blank 2

$fill in the blank 3

$fill in the blank 4

20Y2

9,500

fill in the blank 5

fill in the blank 6

fill in the blank 7

fill in the blank 8

20Y3

119,250

fill in the blank 9

fill in the blank 10

fill in the blank 11

fill in the blank 12

20Y4

92,500

fill in the blank 13

fill in the blank 14

fill in the blank 15

fill in the blank 16

20Y5

112,500

fill in the blank 17

fill in the blank 18

fill in the blank 19

fill in the blank 20

20Y6

137,500

fill in the blank 21

fill in the blank 22

fill in the blank 23

fill in the blank 24

$fill in the blank 25

$fill in the blank 26

2. Determine the average annual dividend per share for each class of stock for the six-year period. Round your answers to two decimal places.

Average annual dividend for preferred stock	$fill in the blank 27 per share
Average annual dividend for common stock	$fill in the blank 28 per share

3. Assuming a market price of $100 for the preferred stock and $5 for the common stock, determine the average annual percentage return on initial shareholders investment, based on the average annual dividend per share (A) for preferred stock and (B) for common stock. Round your answers to two decimal places.

Preferred stock	fill in the blank 29 %
Common stock	fill in the blank 30 %