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Ethel IncHas 15,000, $3, Noncumulative Preferred Shares and 200,000 Common Shares

Question 1

Multiple Choice

Ethel Inc.has 15,000, $3, noncumulative preferred shares and 200,000 common shares issued.What is the total annual dividend on the preferred shares?

A) $15,000
B) $45,000
C) $200,000
D) $400,000

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