Wilson, Inc. has 5,000 shares of 5%, $100 par value, cumulative preferred stock and 75,000 shares of $1 par value common stock outstanding at December 31, 2012. What is the annual dividend on the preferred stock?
A) $5,000
B) $25,000
C) $100,000
D) $0. Preferred stockholders do not receive dividends.
Correct Answer:
Verified
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