Multiple Choice
A share of 5% preferred stock has a par value of $30 and market value of $100.The owners of the preferred stock will receive a cash dividend of: (Round your answer to the nearest cent. )
A) $1.50 per share.
B) $70 per share.
C) $5.00 per share.
D) $30.00 per share.
Correct Answer:
Verified
Correct Answer:
Verified
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