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Question
ace inc. has 10,000 shares of 6%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at december 31, 2012. what is the annual dividend on the preferred stock?
a.$60 per share
b.$60,000 in total
c.$6,000 in total
d.$0.60 per share
Answer
This answer is hidden. It contains 1 characters.
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