EDF Inc has the following classes of shares: - 1,000 shares of issued and outstanding preferred stock with a par value of $400 per share. The preferred shares are cumulative dividends of 10%. - 50,000 common shares issued and outstanding. In 2023, the Board of Directors of EDF Inc. has declared a total dividend of $180,000 to be paid to the holders of preferred and common shares. There are no dividends in arrears. What was the amount of the dividend paid in 2023 on each share of common stock?

Options from question 34:

2.00

3.60

2.80

None of the above

1.80