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Bonita, Inc. has 960 shares of 7%, $10 par value, cumulative preferred stock and 60400 shares of $1 par value common stock outstanding at December

Bonita, Inc. has 960 shares of 7%, $10 par value, cumulative preferred stock and 60400 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock? A.$6720 in total B. $0.07 per share C.$672 in total D.$7 per share

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