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This Question: 3 pts 27 of 27 (0 complete) Nichols, Inc. has 6,000 shares of 4%, $100 par value, cumulative preferred stock and 75,000 shares
This Question: 3 pts 27 of 27 (0 complete) Nichols, Inc. has 6,000 shares of 4%, $100 par value, cumulative preferred stock and 75,000 shares of $1 par value common stock outstanding at December 31 of the current year. What is the annual dividend that will be paid to the preferred stockholders? O A. $6,000 OB. $600.000 O C. $24,000 OD. $0. Preferred stockholders are not guaranteed an annual dividend payment
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