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Kingbird Inc. has 16000 shares of 8%, $100 par value, cumulative preferred stock and 80000 shares of $1 par value common stock outstanding at...

Kingbird Inc. has 16000 shares of 8%, $100 par value, cumulative preferred stock and 80000 shares of $1 par value common stock outstanding at December 31, 2017. What is the annual dividend on the preferred stock?

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