Fairmount inc, A developer of radiology equipment has stock outstanding as follows 20,000 shares of cumulative preferred 3% stock, 150$ par and 67000 shares of 5$ par common.
During it's first four years of operations the following amounts were distributed as dividends: first year $60400; second year $83800 ; third year $165330; fourth year $199880
Calculate the dividends per share on each class of stock for the four years.
Preferred stock (dividend per share) Common stock (dividend per share) 1st Year 2nd Year 3rd Year 4th Year.