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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?
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$60.00 per share
$4,268 in total
$5,892 in total
$25,608 in total
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