Eris, Inc Has 1,000 Shares of 6%, $10 Par Value, Cumulative

Multiple Choice

eris, Inc. has 1,000 shares of 6%, $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?

A) $6 per share
B) $600 in total
C) $6,000 in total
D) $.06 per share