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Day Inc. has 4,027 shares of 4%, $100 par value cumulative preferred stock and 97,942 shares of $1 par value common stock outstanding at December

Day Inc. has 4,027 shares of 4%, $100 par value cumulative preferred stock and 97,942 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock? Select the correct answer. $16,108 in total $40.00 per share $3,918 in total $4,027 in totalimage text in transcribed

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