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Texas Inc. has 6,000 shares of 6%, $125 par value cumulative preferred stock and 89,000 shares of $1 par value common stock outstanding at December

Texas Inc. has 6,000 shares of 6%, $125 par value cumulative preferred stock and 89,000 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock? Oa. $5,340 in total Ob. $45,000 in total Oc. $0.01 per share Od. $60.00 per share

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