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Question 7 A company issued 7% preferred stock with a SR 100 par value. This means that: Preferred shareholders are entitled to 7% of the

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Question 7 A company issued 7% preferred stock with a SR 100 par value. This means that: Preferred shareholders are entitled to 7% of the annual income a. The market price per share will approximate SR 100 per share b. . Preferred shareholders have a guaranteed dividend The amount of the potential dividend is SR 7 per year per preferred share Od

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