Author Question: The board of directors of Clarian Motels has declared a dividend of 3,000,000. The company has ... (Read 110 times)

tichca · **on:** Jun 24, 2018

The board of directors of Clarian Motels has declared a dividend of 3,000,000. The company has 150,000 shares of preferred stock that pay 1.20 per share and 1,800,000 shares of common stock. After finding the amount of dividends due the preferred shareholders, calculate the dividend per share of common stock. (Round your answer to the nearest cent if necessary)
A) 0.44
B) 2.99
C) 1.57
D) 0.75

Question 2

Shameka was charged 8.45 interest and paid 983.50 interest on a simple interest loan for 95 days from her local bank. How much did she borrow? Use ordinary interest. (Round to the nearest cent)