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Nichols inc has 8000 shares of 4 100 par value cumulative

Question - Nichols, Inc. has? 8,000 shares of? 4%, $100 par? value cumulative preferred stock and? 75,000 shares of? $1 par value common stock outstanding at December? 31, 2017. What is the annual dividend that will be paid to the preferred? stockholders?

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