The board of directors of Streamlined Airlines has declared a dividend of 4,300,000. The company has 400,000 shares of preferred stock that pay 0.70 per share and 2,750,000 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) 11.50
B) 1.46
C) 1.92
D) 1.79
Question 2
Myerson borrowed 8,500 at 9 ordinary interest for 200 days. After 120 days, he made a partial payment of 4,000. What is the final amount due on the loan?
A) 4,711.11
B) 4,486.67
C) 4,656.93
D) 4,850.10
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