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Macy Company Has 10,000 Shares of 2% Cumulative Preferred Stock

Question 160

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Macy Company has 10,000 shares of 2% cumulative preferred stock of $50 par and 25,000 shares of $75 par common stock. The following amounts were distributed as dividends: Macy Company has 10,000 shares of 2% cumulative preferred stock of $50 par and 25,000 shares of $75 par common stock. The following amounts were distributed as dividends: Determine the dividends per share for preferred and common stock for each year. Determine the dividends per share for preferred and common stock for each year.

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