Answer:
A. $0.70 per share.
Step-by-step explanation:
Calculation for preferred stockholders anticipation of receiving annual dividends
Annual dividends= Par value × Fixed Annual dividend rate
Let plug in the formula
Annual dividends= $14 per share × 0.05
Annual dividends= $0.70 per share
Therefore If sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of:$0.70 per share