The annual per$-$share dividend requirement of a $7$ percent, $$120$ par value preferred stock that was issued for $$125$ is

A$)$ $$7\mathrm{.}50.$

B$)$ $$6\mathrm{.}38.$

C$)$ $$10\mathrm{.}00.$

D$)$ $$8\mathrm{.}40.$