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Gladstone company issues 113.000 shares of preferred stock for $39 a share. The stock has fixed annual dividend rote of 8% and a par value

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Gladstone company issues 113.000 shares of preferred stock for $39 a share. The stock has fixed annual dividend rote of 8% and a par value of $10 per share. If sufficient dividends are declared. preferred stockholders can anticipate receiving dividends of Multiple Choice $352,560 each year O $90,000 each your O 8% of net locome each year $10 per share

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