Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 19,000 shares of cumulative preferred 1% stock, $120 par, and 63,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $15,200; second year, $40,400; third year, $64,680; fourth year, $114,150 Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "O" 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) 0.80 2.13X 1.20 1.20 Common stock (dividend per share) 0.66 1.45 eedback

Question

Hi, I'm having trouble finding the value of the preferred stock for year 2. The first time I did the problem I got a value of $2.28 then I did the problem again and got $2.13. I was able to get the value for the common stock and all the other years common stock also but I don't know where I went wrong. Can you please help me? Thanks!

Dividends Per Share
Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 19,000 shares of cumulative preferred 1% stock, $120 par, and 63,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed
as dividends: first year, $15,200; second year, $40,400; third year, $64,680; fourth year, $114,150
Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "O"
1st Year
2nd Year
3rd Year
4th Year
Preferred stock (dividend per share)
0.80
2.13X
1.20
1.20
Common stock (dividend per share)
0.66
1.45
eedback

Image Transcription

Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 19,000 shares of cumulative preferred 1% stock, $120 par, and 63,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $15,200; second year, $40,400; third year, $64,680; fourth year, $114,150 Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "O" 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) 0.80 2.13X 1.20 1.20 Common stock (dividend per share) 0.66 1.45 eedback

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