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Accounting

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Texas Inc. has 5,468 shares of 7%, $100 par value cumulative preferred stock and 94,093 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock? Oa. $6,587 in total Ob. $70.00 per share Oc. $5,468 in total Od. $38,276 in total

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