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How do I calculate dividends on preferred and common stock?
Asked Feb 6, 2011, 05:24 PM
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1 Answer Bridger Bike Corp. Has declared The following annual dividends over a six-year period ending December 31 of each Year: 2005, $5,000; 2006, $18,000; 2007, $45,000; 2008, $45,000; 2009, $60,000; and 2010, $67,000. During the entire period, the outstanding stock of the company was composed Of 10,000 shares of 2% cumulative preferred stock, $100 par, and 25,000 shares of common Stock, $1 par. Instructions 1. Determine the total dividends and the per-share dividends declared on each class Of stock for each of the six years. |
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