Razz Corporation's common stock is currently selling on a stock exchange at $181 per share, and its current balance sheet shows the following stockholders' equity section. Preferred stock-5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding $ 95,000 Common stock-$___ par value, 4,000 shares authorized, issued, and outstanding 120,000 Retained earnings 360,000 Total stockholders' equity $ 575,000
Required:
1. What is the current market value (price) of this corporation's common stock? (Omit the "tiny_mce_markerquot; sign in your response.)
2. What are the par values of the corporation's preferred stock and its common stock? (Omit the "tiny_mce_markerquot; sign in your response.)
3. If two years' preferred dividends are in arrears and the board of directors declares cash dividends of $26,950, what total amount will be paid to the preferred and to the common shareholders? What is the amount of dividends per share for the common stock? (Round your per share amount to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)