Iffert Corporation S Net Income Last Year Was 4 040 000 The Dividend On Common S

Iffert Corporation’s net income last year was $4,040,000. The dividend on common stock was $6.40 per share and the dividend on preferred stock was $2.30 per share. The market price of common stock at the end of the year was $43.30 per share. Throughout the year, 300,000 shares of common stock and 100,000 shares of preferred stock were outstanding.

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"