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What is the total annual dividend on the preferred shares

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Reference no: EM132917649

Problem 1: Ethel Inc. has 15,000, $3 non-cumulative preferred shares and 200,000 common shares issued. What is the total annual dividend on the preferred shares?

A. 15,000
B. 45,000
C. 200,000
D. 400,000

Reference no: EM132917649

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