Miriah Inc has 6,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2006. What is the annual dividend on the preferred stock?
A) $50 per share
B) $30,000 in total
C) $300 in total
D) $0.50 per share
B
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