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A company issued 8% preferred stock with a $100 par value. This means: Preferred stockholders are guaranteed a dividend. Preferred stockholders are entitled to 8%
A company issued 8% preferred stock with a $100 par value. This means: Preferred stockholders are guaranteed a dividend. Preferred stockholders are entitled to 8% of the annual net income. Only 8% of total contributed capital can be preferred stock. The potential dividend to preferred stockholders is $8 per share per year
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