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A share of5% preferred stock has a par value of $30 and market value of $100 . The owners of the preferred stock will receive

A share of5% preferred stock has a par value of $30 and market value of $100. The owners of the preferred stock will receive a cash dividendof: (Round your answer to the nearestcent.)

A.

$30.00 per share.

B.

$5.00 per share.

C.

$1.50 per share.

D.

$70.00 per share.

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