The board of directors of a human resources outsourcing company has declared a dividend of $4,000,000. The company has 800,000 shares of preferred stock that pay $0.60 per share and 1,700,000 shares...

Extracted text: The board of directors of a human resources outsourcing company has declared a dividend of $4,000,000. The company has 800,000 shares of preferred stock that pay $0.60 per share and 1,700,000 shares of common stock. (a) What are the dividends (in $) due the preferred shareholders? $ 400,000 (b) What is the dividend per share (in $) of common stock? (Round your answer to the nearest cent.) $ 0