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Day Inc. has 4,268 shares of 6%, $100 par value cumulative preferred stock and 98,202 shares of $1 par value common stock outstanding at December

Day Inc. has 4,268 shares of 6%, $100 par value cumulative preferred stock and 98,202 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock?

Select the correct answer.

$60.00 per share

$4,268 in total

$5,892 in total

$25,608 in total

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