Ayayai Corp. has 15000 shares of 6%, $100 par value, cumulative preferred stock and 75000 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock?

$60 per share

$6000 in total

$0.60 per share

$90000 in total

Answer rating: 100% (QA)

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