Homework Answers
| Year | Paid-out | Preferred non-cumulative and non participating | Common | Preferred participating and cumulative | Common |
| 2015 | 13000 | 0.6 |
1.6 (13000-9000)/2500 |
0.83 (9,000+3429)/15000 |
0.22 571/2500 |
| 2016 | 26000 | 0.6 |
6.8 (26,000-9000)/2500 |
1.57 (9000+14,571)/15000 |
0.97 2429/2500 |
| 2017 | 57000 | 0.6 |
19.2 (57,000 -9000)/2500 |
3.34 (9000+41,142)/15000 |
6.34 15858/2500 |
| 2018 | 76000 | 0.6 |
26.8 (76,000- 9000)/2500 |
4.42 ($9000+57,429)/15000 |
7.4 18,571/2500 |
| **15000*6% = 9000 | 2015 | 4000/17,500*15000=3429 | |||
| 9000/15000 = 0.6 | 2016 | 17,000/17500*15000= 14,571 | |||
| 2017 | (57,000 -9000) =48,000/17,500*15,000 = 41142 | ||||
| 2018 | (76,000- 9000) =67,000/17,500*15,000 = 57,429 |
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