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Gladstone company issues 116,000 shares of preferred stock for $40 a share. The stock has fixed annual dividend rate of 6% and a par value

Gladstone company issues 116,000 shares of preferred stock for $40 a share. The stock has fixed annual dividend rate of 6% and a par value of $7 per share. If sufficient dividends are declared, preferred stockholders can anticipate receiving dividends of:

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