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What is the annual dividend on the preferred shares

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Question - Waterway, Inc. has 1150, $4, cumulative preferred shares issued at $100, and 51500 common shares issued at $1, at December 31, 2021. What is the annual dividend on the preferred shares?

a. $400 in total

b. $0.40 per share

c. $4600 in total

d. $40 per share

Reference no: EM132515139

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