Preferred stock valuation TXS Manutacturing has an oulstanding proforred stock issue with a par value of 567 per share. The preferred shares pay dividends annually at a rate of 11% a. What is the annual dividend on TXS preferred stock? b. If investors require a return of 5% on this stock and the noxt dividend is payable one yoar from now, what is the prico of TXS proterred stock? c. Suppose that TXS has not paid dividends on its preferred shares in the past two years, but investors beleve that it will start paying dividends again in one year. What is the value of TXS prefered stock it it is currulative and if investors require a(n) 5% rate of return? a. The annual dividend on TXS preforred stock is 1 (Round to the nearest cent) b. The price of TXS prolerred shock is 5 (Round to the nearest cont.) c. The price of TXS proterred stock is $ (Round to the nearest cent.)