Based on the information given the annual dividend on the preferred stock is : $4,200.
Using this formula
Annual dividend=Number of shares× Par value× Shares Percentage
Where:
Number of shares=1050 shares
Par value=$100 par value
Shares Percentage=4% or 0.04
Let plug in the formula
Annual dividend=1050shares× $100×0.04
Annual dividend=$4,200
Inconclusion the annual dividend on the preferred stock is : $4,200.
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