Originally Posted by
CAROLJESTERKIL
Declared semiannual dividends of $1.20 on the preferred stock and $.15 on the common stock (before the stock dividend) Plus, a 1% common stock dividend was declared on the common stock outstanding at the fair market value of the common stock at $30. The 500,000 common shares outstanding 80,000 preferred stock purchased 75,000 shares of common and sold 40,000 shares of common.
I have tried to answer this question on my own for some time now and I just can't figure it out.:mad: