What is the amount of the annual dividend paid

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Question 1: Moon, Inc. has 5,000 shares of 5%, $100 par value preferred stock outstanding and 50,000 shares of $1 par value common stock outstanding at December 31, 2019. What is the amount of the annual dividend paid to the preferred stockholders?

Option A. $25,000 in total

Option B. $0.50 per share

Option C. $600 in total

Option D. $50 per share

Reference no: EM132512196

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