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What is the annual dividend on the preferred stock

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Question

Vaughn Manufacturing has 18000 shares of 10%, $100 par value, cumulative preferred stock and 90000 shares of $1 par value common stock outstanding at December 31, 2017. What is the annual dividend on the preferred stock?

The response paper should be in APA format, double spaced, hand-written, numbered pages, with a cover page and references.

Reference no: EM132382265

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