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Kingbird, Inc. has 1800 shares of 6%, $100 par value, cumulative preferred stock and 90000 shares of $1 par value common stock outstanding at December
Kingbird, Inc. has 1800 shares of 6%, $100 par value, cumulative preferred stock and 90000 shares of $1 par value common stock outstanding at December 31, 2017. What is the annual dividend on the preferred stock?
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| $0.06 per share. |
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| $600 in total. |
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| $60 per share. |
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| $10800 in total. |
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