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Bussiness principal class!! A share of preferred stock for Leland Manufacturing currently sells for $120. It offers the investor a dividend rate of 8 percent,

Bussiness principal class!!

A share of preferred stock for Leland Manufacturing currently sells for $120. It offers the investor a dividend rate of 8 percent, on a par value of $10

the investor owns 500 shares, her total annual dividend will equal?

A- $800

B- $8.00

C- $2.000

D- $4,000

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