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Business, 06.02.2021 09:10 anahicaballero6
Select the correct answer.
Elem Inc. has issued 3,000, 8% preferred stock at $10 per stock and 10,000 common stock issued at $10 par value. The corporation's directors
declared that it would pay dividends of 5% at the end of the year. How much will the preferred stock holders receive?
A. $5,000
B. $2,400
C. $8,000
D. $1,500
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Answers: 3
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