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Day Inc. has 4,089 shares of 5%, $100 par value cumulative preferred stock and 94,145...

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Question

Accounting

Day Inc. has 4,089 shares of 5%, $100 par value cumulative preferred stock and 94,145 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock?

Select the correct answer.

$20,445 in total

$4,707 in total

$4,089 in total

$50.00 per share

Answer & Explanation Solved by verified expert
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