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Bonita, Inc. has 1000 shares of 5%, $10 par value, cumulative preferred stock and 59000 shares of $1 par value common stock outstanding at December

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Bonita, Inc. has 1000 shares of 5%, $10 par value, cumulative preferred stock and 59000 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock? O $5000 in total O $500 in total $5 per share O $0.05 per share

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