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What Are the Annual Dividends on Preferred Stock, $31 Par

Question 3

Multiple Choice

What are the annual dividends on preferred stock, $31 par, 2,200 shares authorized, 1,200 shares issued, and a dividend rate of 3%? (Round your answer to the nearest dollar.)


A) $1,116
B) $30
C) $2,046
D) $930

Correct Answer:

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