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Texas Inc. has 10,000 shares of 6%, %125 par value, cumulative preferred stock and 50,000 shares of exist1 par value common stock outstanding at December

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Texas Inc. has 10,000 shares of 6%, %125 par value, cumulative preferred stock and 50,000 shares of exist1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock? a. exist0.75 per share b. exist10,000 in total c. exist75 per share d. exist75,000 in total

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