Multiple Choice
CAB Inc. has 1,000 shares of 6%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2014. What is the annual dividend on the preferred stock?
A) $60 per share.
B) $6,000 in total.
C) $600 in total.
D) $0.60 per share.
Correct Answer:
Verified
Correct Answer:
Verified
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