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Day Inc. has 4,089 shares of 5%, $100 par value cumulative preferred stock and 94,145 shares of $1 par value common stock outstanding at December

Day Inc. has 4,089 shares of 5%, $100 par value cumulative preferred stock and 94,145 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock?

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