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The owner of a share of $ 1 0 0 par value, 8 % , preferred stock will receive an annual dividend equal to the

The owner of a share of $100 par value, 8%, preferred stock will receive
an annual dividend equal to the declared dividend for a share of common stock, plus an additional 8% of that amount.
an annual dividend of $100.
an annual dividend of $8.
an annual dividend equal to 8% of the declared dividend amount for a share of common stock.
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