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James Hayes owns 557 shares of Ohio Utility preferred stock. If this preferred stock issue pays $4.50 per share each year, what is the total dollar amount Mr. Hayes will receive in one year? (Round your answer to 2 decimal places.) Annual dividend check amount

James Hayes owns 557 shares of Ohio Utility preferred stock. If this preferred stock issue pays $4.50 per share each year, what is the total dollar amount Mr. Hayes will receive in one year? (Round your answer to 2 decimal places.) Annual dividend check amount

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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James Hayes owns 557 shares of Ohio Utility preferred stock. If this preferred stock issue pays $4.50 per share each year, what is the total dollar amount Mr. Hayes will receive in one year? (Round your answer to 2 decimal places.) Annual dividend check amount
Transcribed Image Text:James Hayes owns 557 shares of Ohio Utility preferred stock. If this preferred stock issue pays $4.50 per share each year, what is the total dollar amount Mr. Hayes will receive in one year? (Round your answer to 2 decimal places.) Annual dividend check amount
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