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10 March, 09:21

Xeris, inc. has 1,000 shares of 5%, $10 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at december 31, 2018. what is the annual dividend on the preferred stock?

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  1. 10 March, 10:53
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    Annual dividend on preferred stock = 0.05*10*1000 = $500

    Annual dividend on preferred stock = $500
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