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What is the annual dividend on the preferred stock

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Reference no: EM131793788

Question - Sun Inc. has 5,000 shares of 5%, $100par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2010. What is the annual dividend on the preferred stock?

a) $50 par share

b) $25,000 in total

c) $5,000 in total

d) $0.50 per share

Reference no: EM131793788

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