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Business, 11.04.2020 00:12 douglife5836

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 81,700 shares of cumulative preferred 2% stock, $15 par, and 401,400 shares of $24 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $56,100 ; second year, $77,000 ; third year, $80,700 ; fourth year, $99,900 .
Determine the dividends per share on each class of stock for each of the four years.

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