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salmon, inc issues 519,000 shares of preferred stock for $33 per share, the stock has a fixed annual dividend rate of 9%, and par value

salmon, inc issues 519,000 shares of preferred stock for $33 per share, the stock has a fixed annual dividend rate of 9%, and par value of $10 per share. the current price of preferred stock is $35 a share. if sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of

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