What could be the maximum payment to the preferred

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Reference no: EM13282495

Kuhns Corp. has 200,000 shares of preferred stock outstanding that is cumulative. The dividend is $3.00 per share and has not been paid for 3 years. If Kuhns earned $1 million this year, what could be the maximum payment to the preferred stockholders on a per share basis?

A. $9.50 Per Share

B. $5.00 Per Share

C. $6.00 Per Share

D. $15.00 Per Share

Reference no: EM13282495

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