A share of5% preferred stock has a par value of $30 and market value of $100 .
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Question:
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.
Expert Answer:
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