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What is the annual dividend on the preferred stock

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Reference no: EM133150649

Question - Coronado, Inc. has 910 shares of 6%, $10 par value, cumulative preferred stock and 51000 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock?

A) $546 in total

B) $6 per share

C) $0.06 per share

D) $5460 in total

Reference no: EM133150649

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