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26 Kuhns Corp. has 210,000 shares of preferred stock outstanding that is cumulative and 100,000 common stock outstanding. The preferred dividend is $7.50 per share
26 Kuhns Corp. has 210,000 shares of preferred stock outstanding that is cumulative and 100,000 common stock outstanding. The preferred dividend is $7.50 per share and has not been paid for 3 years. If Kuhns earned $1.80 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.) 8 01:11:51 Multiple Choice $10.07 per share (0) $10.82 per share $7.47 per share O $8.57 per share
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