Mathematics

Miley Collier

16 April, 10:06

The Brick Corporation pays its cumulative preferred stockholders $1.95 per share. There are 40,000 shares of preferred stock and 80,000 shares of common stock. In 2001, 2002, and 2003, Brick Corporation did not declare a dividend. In 2004, the Board of Directors declared a $600,000.00 dividend. What is the amount that the common shareholder will receive per share?

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