Answer:
$75,000
Explanation:
Calculation for the annual dividend on the preferred stock
Using this formula
Annual Dividend= Number of shares × Par value × Dividend %
Let plug in the formula
Annual Dividend= 10,000 shares × $125 × 6%
Annual Dividend= $75,000
Therefore the annual dividend on the preferred stock will be $75,000
I believe so considering an average of 20 million US citizens depend on it. Hope this helps.
The effect that the new fire station have on her home owners insurances premiums is that the new fire department will reduce the risk of financial loss in her home. The answer in this question is Jennifer annual premium should decrease.