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Preferred stock -- the following information has been provided; Preferred 2% stock $85 par (140,000 shares authorized, 75,000 shares Issued.) Required: Calculate the Preferred Stock

Preferred stock -- the following information has been provided; Preferred 2% stock $85 par (140,000 shares authorized, 75,000 shares Issued.) Required: Calculate the Preferred Stock dividend per share and the total annual Preferred Stock dividend.

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