anu ents work Preferred stock valuation IXS Manufacturing has an outstanding preferred stock issue with a par value of $70 per share. The preferred shares pay dividends annualy at a rate of 12% a. What is the annual dividend on TXS preferred stock? h. It investors require a um of 5% on this stock and the next dividend is payable one year from now, what is the price of TXS preferred stock? a. The annual dividend on TXS preferred stock is (Round to the nearest cent) The price of TXS preferred stock # 5 | (Round to the nearest cent) Test