Preferred stockholders on per share basis

Assignment Help Financial Management

Reference no: EM131606137

Kuhns Corp. has 160,000 shares of preferred stock outstanding that is cumulative. The dividend is $6.90 per share and has not been paid for 3 years. If Kuhns earned $2.00 million this year, what could be the maximum payment to the preferred stockholders on a per share basis? (Round your answer to 2 decimal places.)

Reference no: EM131606137

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