Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

تمرين 143

Equinox Energy Inc. has 500,000 shares of $100 par value, 6.5%, cumulative preferred stock and 8,400,000 shares of common stock. Although no dividend was declared for the past three years, a $19,000,000 dividend has been declared for this year.
a. How much is due the preferred shareholders
b. What is the dividend per share of common stock