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Texas Inc. has 4,740 shares of 4%, $100 par cumulative preferred stock and 88,133 shares of $1 par common stock outstanding at December 31. What
Texas Inc. has 4,740 shares of 4%, $100 par cumulative preferred stock and 88,133 shares of $1 par common stock outstanding at December 31. What is the annual dividend on the preferred stock?
a. $3,525 in total
b. $18,960 in total
c. $1.90 per share
d. $40.00 per share
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