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What formula would you use to answer the following question? An8percentpreferredstockwithamarketpriceof$110pershareanda$100parvalue paysacashdividendof_________? I know the answer is 8, but how would you get to that

What formula would you use to answer the following question?

An8percentpreferredstockwithamarketpriceof$110pershareanda$100parvalue

paysacashdividendof_________?

I know the answer is 8, but how would you get to that answer?

Thanks!

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