110000 is the total dividends of both preferred stock and common stock
So we need to find the dividend per share common stock
First find the total dividends of preferred stock
5,000×2.38=11,900
Subtract the total dividends of preferred stock for the total dividends to find the total dividends of common stock
110,000−11,900=98,100
Finally divide the total dividends of common stock by the number of common stock to find the dividend per share of common stock
98,100÷12,000=8.175....answer
Hope it helps!
The answer is: c- all real numbers
3 5/10 - 2/5
35/10 - 2/5
35/10 - 4/10
31/10=3 1/10 or 3.1
