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Sabas Company Has 20,000 Shares of $100 Par, 2% Cumulative

Question 67

Multiple Choice

Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Determine the dividends per share for preferred and common stock for the third year. A) $4.50 and $0.25 B) $3.25 and $0.25 C) $4.50 and $0.90 D) $2.00 and $0.25 Determine the dividends per share for preferred and common stock for the third year.


A) $4.50 and $0.25
B) $3.25 and $0.25
C) $4.50 and $0.90
D) $2.00 and $0.25

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