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James Hayes owns 531 shares of Ohio Utility preferred stock. If this preferred stock issue pays $2.70 per share each year, what is the total

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James Hayes owns 531 shares of Ohio Utility preferred stock. If this preferred stock issue pays $2.70 per share each year, what is the total dollar amount Mr. Hayes will receive in one year? (Round your answer to 2 decimal places.) Annual dividend check amount

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