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Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: $10,000 Year 2: 45,000 Year 3: 90,000 Determine the dividends per share for preferred and common stock for the third year. O a. $4.50 preferred and $0.90 common O b. $2.00 preferred and $0.25 common O c. $3.25 preferred and $0.25 common O d. $4.50 preferred and $0.25 common

Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: $10,000 Year 2: 45,000 Year 3: 90,000 Determine the dividends per share for preferred and common stock for the third year. O a. $4.50 preferred and $0.90 common O b. $2.00 preferred and $0.25 common O c. $3.25 preferred and $0.25 common O d. $4.50 preferred and $0.25 common

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: $10,000 45,000 90,000 Determine the dividends per share for preferred and common stock for the third year. O a. $4.50 preferred and $0.90 common O b. $2.00 preferred and $0.25 common O c. $3.25 preferred and $0.25 common O d. $4.50 preferred and $0.25 common Year 1: Year 2: Year 3:
Transcribed Image Text:Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: $10,000 45,000 90,000 Determine the dividends per share for preferred and common stock for the third year. O a. $4.50 preferred and $0.90 common O b. $2.00 preferred and $0.25 common O c. $3.25 preferred and $0.25 common O d. $4.50 preferred and $0.25 common Year 1: Year 2: Year 3:
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