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Question 2 1 pts Humberto Company has outstanding 1,000 shares of $1 par value common stock issued at $20 per share in addition to

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Question 2 1 pts Humberto Company has outstanding 1,000 shares of $1 par value common stock issued at $20 per share in addition to 500 shares of $100 par value 5% cumulative preferred stock issued at $110 per share. What is the annual dividend preference for the preferred stock? $5,250 $50 $2,500 $250 $2,750

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