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What is the annual dividend on the preferred stock

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Question - Kingbird Inc. has 16000 shares of 8%, $100 par value, cumulative preferred stock and 80000 shares of $1 par value common stock outstanding at December 31, 2017. What is the annual dividend on the preferred stock?

a) $80 per share

b) $128000 in total

c) $8000 in total

d) $0.08 per share

Reference no: EM132088818

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