Solve the problem. Round to the nearest cent.SLM Instruments had a net income of $1,370,000 last year. It was decided to distribute 39% of this money to shareholders. Find the dividend per share if there were 18,000 shares of $180 par value, 12% preferred stock and 314,000 shares of common stock outstanding.

A. Preferred: $9.13
Common: $3.84
B. Preferred: $21.60
Common: $0.46
C. Preferred: $21.60
Common: $3.12
D. Preferred: $3.56
Common: $1.50


Answer: B

Mathematics

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