Mathmatics Homework Question Answers - 100175

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1. Suppose Global Cable has declared a dividend of $2,500,000. The company has 240,000 shares of preferred stock that pay $2.10 per share and 2,600,000 shares of common stock. After finding the amount of dividends due the preferred shareholders, calculate the dividend per share of common stock. T= 2,500,000 240,000 *2.10= 504,000 2,500,000 – 504,000 = 1,996,000 1,996,000/2,600,000= 499/650 0.076769 2.
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