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Sabas Company has issued and outstanding 40,000 shares of $100 par, 1% preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:
Year 1 |
$50,000 |
Year 2 |
90,000 |
Year 3 |
130,000 |
Determine the dividend per share for preferred and common stock for each year.
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