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AutoSave Of H 2 S = 15e_PR 12-1A - Excel - 0 X Comments File Home Insert Page Layout Formulas Data Review View Help Search Share Arial 10 A A === 0 BE47 a Wrap Text Merge & Center - LA Paste BIU - D A - $ % , Insert Delete Format Ideas Styles Formatting El Table Styles Sort & Find & Filter Select Editing Clipboard Font Alignment El Number Cells Ideas J K L M N O Q R S T U LA W21 x V fac |_ A B C D E F G H I 11 An asterisk (*) will appear to the right of an incorrect entry. 12 Enter a zero in cells you would otherwise leave blank. 13 SUMMARY OF DIVIDENDS Total Dividends Preferred Dividends Total Per Share Common Dividends Total Per Share Year 20Y1 20Y2 2013 2014 2045 20Y6 Total 26 2. Average annual dividend Divided by market price per share Average return on investment (percent) 28 29 3. 31 Pr. 12-1A @ -- - + 110% Type here to search o Ei e a B = a = 3 4:03 PME 1 x ^ l 4* 11/18/2019 13 Photos - PR_12-1A_data (1).png See all photos + Add to % Edit & Create @ ... PR 12-1A Dividends on Preferred and Common Stock Obj. 2 Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 2011, $80,000; 2012, $90,000; 20Y3, $150,000; 20Y4, $150,000; 2045, $160,000; and 2016, $180,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 250,000 shares of cumulative, preferred 2% stock, $20 par, and 500,000 shares of common stock, $15 par. Instructions 1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summarize the data in tabular form, using the following column headings: Year Total Dividends Preferred Dividends Total Per Share Common Dividends Total Per Share 20Y1 20Y2 20Y3 2014 2045 2046 $ 80,000 90,000 150,000 150,000 160,000 180,000 Answer Check Figure: Common dividends in 20Y3: $20,000 2. Determine the average annual dividend per share for each class of stock for the six-year period. 3. Assuming a market price per share of $25.00 for the preferred stock and $17.50 for the common stock, determine the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock. = Type here to search Dope here to search o B e e @ a * x A l 4:05 PM 4* 11/18/2019 3

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