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The annual per share dividend requirement of a 7%, $90 par value preferred stock that was issued for $85 is: a) $5.95 b) $8.00 c)

The annual per share dividend requirement of a 7%, $90 par value preferred stock that was issued for $85 is:

a) $5.95

b) $8.00

c) $6.30

d) $9

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