Question 34 Ace Inc. has 10,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2014, what s the annual dividend on the preferred stock? $5,000 in total $0.50 per share $50 per share sso,000 in total 20 7 8 9 9 0 3 4 6 2