You purchased 4,300 common shares of Sunland Transportation Inc. and you are about to receive your share of Sunland's total expected dividend of $1,656,100. Along with 430,000 common shares outstanding the company also has 64,500 issued and outstanding $7.00 dividend, cumulative Class A preferred shares and 43,300 issued and outstanding, $2.00 dividend non-cumulative Class B preferred shares. Dividends on the Class A preferred shares are one year in arrears What is the amount of dividend you would expect to receive for the 4,300 common shares you own of Sunland Transportation Inc.? (Round common dividends per share to 2 decimal places, e.g. 5.25 and final answer to O decimal places, eg. 125) Dividend on 4,300 common shares $__________
You purchased 4,300 common shares of Sunland Transportation Inc. and you are about to receive your share of Sunland's total expected dividend of $1,656,100. Along with 430,000 common shares outstanding the company also has 64,500 issued and outstanding $7.00 dividend, cumulative Class A
What is the amount of dividend you would expect to receive for the 4,300 common shares you own of Sunland Transportation Inc.? (Round common dividends per share to 2 decimal places, e.g. 5.25 and final answer to O decimal places, eg. 125)
Dividend on 4,300 common shares $__________
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