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A Company has outstanding 1,832 shares of $1 par value common stock issued at $11...

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Question

Accounting

A Company has outstanding 1,832 shares of $1 par value common stock issued at $11 per share in addition to 594 shares of $48 par value 5% cumulative preferred stock issued at $78 per share. What is the annual dividend preference for the preferred stock?

$2,317

$0

$1,426

$92

$1,008

Answer & Explanation Solved by verified expert
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