The Board of Directors of The Neptune Corporation has declared a dividend of $2,600,000. The company has 600,000 shares of preferred stock that pay $2.50 per share and 1,500,000 shares of common stock.
A)What are the dividends due the preferred shareholders?
B)What is the dividend per share of common stock?

Question

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The Answer of The Board of Directors of The Neptune Corporation has declared a dividend of $2,600,000. The company has 600,000 shares of preferred stock that pay $2.50 per share and 1,500,000 shares of common stock.

The Board of Directors of the Neptune Corporation Has Declared