Miriah Inc

question 162

Multiple Choice

Miriah Inc. has 6,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2012. What is the annual dividend on the preferred stock?

• A) $50 per share
• B) $30,000 in total
• C) $300 in total
• D) $0.50 per share

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Gross Domestic Product, a monetary measure of the market value of all final goods and services produced in a country during a specific period.

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