Multiple Choice
Texas Inc. has 10,000 shares of 6%, $125 par value cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock?
A) $60 per share
B) $75,000 in total
C) $10,000 in total
D) $0.75 per share
Correct Answer:
Verified
Correct Answer:
Verified
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