Salmon, Incorporated issues $507,000$ shares of preferred stock for $$35$ a share. The stock has a flxed anhual divitent rate of $7$ his and a par value of $$16$ per share. The current price of the preferred stock is $$37$ a share. If sufficient dividends are declared, preferred stockholdert can anticipate recelving annual dividends of:

Multiple Choice

$$1\mathrm{.}12$ per share.

$$2\mathrm{.}45$ per share.

$$2\mathrm{.}59$ per share.

$$1\mathrm{.}33$ per share.