Calculate the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places.
- Average annual dividend for preferred: $2 per share
- Average annual dividend for common: $.41 per share
3. Assuming a market price per share of $101 for the preferred stock and $26 for the common stock, calculate the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share for preferred stock and for common stock.Round your answers to two decimal places.