Figurate Industries has

800 comma 000800,000

shares of cumulative preferred stock outstanding. It has passed the last three quarterly dividends of

$2.202.20

per share and now (at the end of the current quarter) wishes to distribute a total of

$1010

million to its shareholders. If Figurate has

3.43.4

million shares of common stock outstanding, how large a per-share common stock dividend will it be able to pay?

The per-share common stock dividend Figurate will be able to pay is

$nothing.

(Round to the nearest cent.)