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1.Kuhns Corp. has 180,000 shares of preferred stock outstanding that is cumulative and 100,000 common stock outstanding. The preferred dividend is $6.20 per share and
1.Kuhns Corp. has 180,000 shares of preferred stock outstanding that is cumulative and 100,000 common stock outstanding. The preferred dividend is $6.20 per share and has not been paid for the last 3 years. a ) How much does the company owe in dividends to its preferred stockholders for the last 3 years? b) Would common stockholders be able to receive a dividend in the 4th year, if the company earns $5,000,000 after taxes in year 4? How much would the common dividend per share be?
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