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Day Inc. has 4,292 shares of 6%, $100 par value cumulative preferred stock and 96,425 shares of $1 par value common stock outstanding at December

Day Inc. has 4,292 shares of 6%, $100 par value cumulative preferred stock and 96,425 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 $25,752 in total $5,786 in total $4,292 in total

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