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Business, 03.12.2021 02:30 tati7149

Salmon, Inc. issues 512,000 shares of preferred stock for $30 a share. The stock has a fixed annual dividend rate of 7% and a par value of $17 per share. The current price of the preferred stock is $32 a share. If sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of:

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Salmon, Inc. issues 512,000 shares of preferred stock for $30 a share. The stock has a fixed annual...
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