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Business, 01.12.2021 01:20 kaylynn77

Lightfoot Inc., a software development firm, has stock outstanding as follows: 32,000 shares of cumulative preferred 1% stock, $150 par and 108,000 shares of $165 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $27,000; second year, $57,000; third year, $70,000; fourth year, $117,000. Calculate the dividends per share on each class of stock for each of the four years.

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