The board of directors of a human resources outsourcing company has declared a dividend of $3,000,000. The company has 800,000 shares of preferred stock that pay $0.60 per share and 1,900,000 shares...

The board of directors of a human resources outsourcing company has declared a dividend of $3,000,000. The company has 800,000 shares of preferred stock that pay $0.60 per share and 1,900,000 shares of common stock.

(a)

What are the dividends (in $) due the preferred shareholders?

(b)

What is the dividend per share (in $) of common stock? (Round your answer to the nearest cent.)

Jun 10, 2022

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The board of directors of a human resources outsourcing company has declared a dividend of $3,000,000. The company has 800,000 shares of preferred stock that pay $0.60 per share and 1,900,000 shares...

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