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If 1 , 0 0 0 preferred shares with a benchmark value of $ 5 0 per share, a dividend rate of 1 0 %

If 1,000 preferred shares with a benchmark value of $50 per share, a dividend rate of 10% and redeemable for $80 per share, are sold for $75 per share, how much dividend may the preferred equity holders expect to receive?
A.$ 3000
B.$ 5000
C.$ 7500
D.$ 8000

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