Hopen Consulting has 310,000 shares of 100 par value, 8 cumulative preferred stock and 2,650,000 shares of common stock. Although no dividend was declared last year, a 6,500,000 dividend has been declared this year. After finding the amount of dividends due the preferred shareholders, calculate the dividend per share of common stock.
A) 0.58
B) 1.44
C) 0.62
D) 0.51
Question 2
Alicia borrowed 8,500 at 6 ordinary interest for 180 days. After 40 days, she made a partial payment of 2,000. After another 70 days, Alicia made a second partial payment of 2,000. What is the final amount due on the loan? (Round to the nearest cent)
A) 4,755.00
B) 4,687.21
C) 4,500.50
D) 4,684.62
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