document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1198796>Question 1198796</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Hello, my subject is investments hopefully I found the right section.<BR>\n" );
document.write( "My problem is: Calculate the preferred and common dividend per share (in $) for the company. (If there is no answer, enter NONE.)\r<BR>\n" );
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document.write( "Common stock shares: 8,000,000<BR>\n" );
document.write( "Preferred stock: Shares: 1,000,000. Div or Par: $100, 6%. Cum: No.<BR>\n" );
document.write( "Dividend: 5,000,000<BR>\n" );
document.write( "Declared arrears: None\r<BR>\n" );
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document.write( "Preferred Div./Share:<BR>\n" );
document.write( "Common Div./Share: </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #848240 by </B><A HREF=/tutors/aboutme.mpl?userid=textot><B>textot(100)</B></A><img src=\"/images/stars/stars-08.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=textot><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=848240\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> **1. Calculate Preferred Dividend per Share**\r<BR>\n" );
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document.write( "* **Preferred Dividend per Share = Par Value * Dividend Rate** <BR>\n" );
document.write( "* Preferred Dividend per Share = $100 * 6% = $6.00\r<BR>\n" );
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document.write( "**2. Calculate Total Preferred Dividend**\r<BR>\n" );
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document.write( "* Total Preferred Dividend = Preferred Dividend per Share * Number of Preferred Shares<BR>\n" );
document.write( "* Total Preferred Dividend = $6.00 * 1,000,000 = $6,000,000\r<BR>\n" );
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document.write( "**3. Calculate Available Dividend for Common Stock**\r<BR>\n" );
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document.write( "* Available Dividend for Common Stock = Total Dividend - Total Preferred Dividend<BR>\n" );
document.write( "* Available Dividend for Common Stock = $5,000,000 - $6,000,000 = -$1,000,000 \r<BR>\n" );
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document.write( "**4. Calculate Common Dividend per Share**\r<BR>\n" );
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document.write( "* Since the Available Dividend for Common Stock is negative, there is **no dividend available for common stockholders**.\r<BR>\n" );
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document.write( "**Therefore:**\r<BR>\n" );
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document.write( "* **Preferred Div./Share:** $6.00<BR>\n" );
document.write( "* **Common Div./Share:** NONE <BR>\n" );
document.write( " </SPAN>\n" );
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