Answer:
Year 1
$ 40.000 - Total Dividends
$ 20.000 - Preferred Stockholers
$ 20.000 - Common Stockholers
Year 2
$ 10.000 - Total Dividends
$ 10.000 - Preferred Stockholers
$ 0 - Common Stockholers
Year 3
$ 60.000 - Total Dividends
$ 30.000 - Preferred Stockholers
$ 30.000 - Common Stockholers
Total
$ 60.000 Preffered Stockholers
$ 50.000 Common Stockholers
Explanation:
First it's necessary to said that the preferred stockholders have a higher claim to dividends than common stock, it means that each time that the company paid dividends, the one corresponding to Preffered Stockholers must be paid first and if one year there are not enough dividends to pay then they must be paid the next year along with the dividends of next year, it's a kind of guaranteed dividend.
Total Dividends to Preferred Stockholders
10.000 Shares
2% percent of par value
$100 Par Value
Total Dividends: 10,000 * 2% * $100 = $ 20.000 of Dividend each year.
Preferred dividends for preferred stock.
$ 20.000
Total Dividends to be paid by the company each year
Year 1 Year 2 Year 3
$ 40.000 $ 10.000 $ 60.000
$ 20.000 $ 10.000 $ 30.000 Preffered Stockholers
$ 20.000 $ 30.000 Common Stockholers
