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, 2015. 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
Correct Answer:
Verified
Correct Answer:
Verified
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