1)The Blankenship company paid a cash dividend of $0.44 per share during the current year and reported 18,000 shares of common stock issued and 2,000 common shares in treasury stock during the current year. The year-end market price per share was $27.50. Calculate the following:
(1) total amount of cash dividends paid to common shareholders and (2) dividend yield.
2)A company has $2,400,000 in stockholders' equity, that includes 500 shares of $50 par value noncallable preferred stock outstanding and 250,000 shares of common stock outstanding. Calculate the book value per (1) preferred share and (2) common share.