firm earns $895 million in profits and pays $626 million in dividends for the year. The firm has 135 million shares of preferred stock and 390 million shares of common stock. The preferred stock is guaranteed a dividend of $1.30 per year and costs $32 per share. The common stock costs $29 per share. What is the earnings per share for the common stock? Enter your response as dollars and cents rounded to 2 decimal places.
firm earns $895 million in profits and pays $626 million in dividends for the year. The firm has 135 million shares of preferred stock and 390 million shares of common stock. The preferred stock is guaranteed a dividend of $1.30 per year and costs $32 per share. The common stock costs $29 per share. What is the earnings per share for the common stock? Enter your response as dollars and cents rounded to 2 decimal places.
Chapter15: Dividend Policy
Section: Chapter Questions
Problem 1P
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A firm earns $895 million in profits and pays $626 million in dividends for the year.
The firm has 135 million shares of
What is the earnings per share for the common stock?
Enter your response as dollars and cents rounded to 2 decimal places.
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