Salmon, Inc. issues 503,000 shares of preferred stock for $33 a share. The stock has a fixed annual dividend rate of 8% and a par value of $12 per share. The current price of the preferred stock is $35 a share. If sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of: Multiple Choice $0.96 per share. $2.64 per share. $2.80 per share. $1.68 per share