Question 1198796
**1. Calculate Preferred Dividend per Share**

* **Preferred Dividend per Share = Par Value * Dividend Rate** 
* Preferred Dividend per Share = $100 * 6% = $6.00

**2. Calculate Total Preferred Dividend**

* Total Preferred Dividend = Preferred Dividend per Share * Number of Preferred Shares
* Total Preferred Dividend = $6.00 * 1,000,000 = $6,000,000

**3. Calculate Available Dividend for Common Stock**

* Available Dividend for Common Stock = Total Dividend - Total Preferred Dividend
* Available Dividend for Common Stock = $5,000,000 - $6,000,000 = -$1,000,000 

**4. Calculate Common Dividend per Share**

* Since the Available Dividend for Common Stock is negative, there is **no dividend available for common stockholders**.

**Therefore:**

* **Preferred Div./Share:** $6.00
* **Common Div./Share:** NONE