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Bramble Corp. has 1100 shares of 8%, $100 par value, cumulative preferred stock and 55000 shares of $1 par value common stock outstanding at December

Bramble Corp. has 1100 shares of 8%, $100 par value, cumulative preferred stock and 55000 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock?

$80 per share.

$0.80 per share.

$8800 in total.

$800 in total.

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