Texas Inc. has 6,000 shares of 5%, $125 par value cumulative preferred stock and 80,000 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock? Oa. $50.00 per share Ob. $4,000 in total Oc. $0.01 per share Od. $37,500 in total ?

Texas inc, has 6,000 shares of 5%, $125 par value cumulative preferred stock and 80,000 shares of $1 par value common stock outstanding at December 31 . What is the annual dividend on the preferred stock? a. 550.00 per share b. 44,000 in sistal c. 50.01 per share d. 537,500 in total