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CAB IncHas 1,000 Shares of 5%, $100 Par Value, Cumulative Preferred

Question 123

Multiple Choice

CAB Inc.has 1,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2020.What is the annual dividend on the preferred stock?


A) $50 per share.
B) $5,000 in total.
C) $500 in total.
D) $0.50 per share.

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