Preferred stock valuation TXS Manufacturing has an outstanding preferred stock issue with a par value of $$60$ per

share. The preferred shares pay dividends annually at a rate of $9\%.$

a$.$ The annual dividend on TXS preferred stock is $$.($Round to the nearest cent.$)$

b$.$ The price of TXS preferred stock is $

$($Round to the nearest cent.$)$

c$.$ The price of TXS preferred stock is $

$($Round to the nearest cent.$)$