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fix this please. I've posted this question 3 times and every time they give me the wrong answer. 20oo Ozark Distributing Company is primarily engaged
fix this please. I've posted this question 3 times and every time they give me the wrong answer.
20oo Ozark Distributing Company is primarily engaged in the wholesale distribution of consumer products in the Ozark Mountain regions. The following disclosure note appeared in the company's 2018 annual report. 0.35 points Note 5. Convertible Preferred Stock (in part): The Company has the following Convertible Preferred Stock outstanding as of September 2018: Date of issuance Optionally redeemable beginning: Par value (gross proceeds) Number of shares: Liquidation preference per share: Conversion price per share: Number of common shares in which to be converted: Dividend rate: June 17, 2015 June 18, 2017 $1,280,e80 128,000 13 s 13.26 9e,497 6.690% The Preferred Stock is convertible at any sime by the holders into a number of shares of Ozark's common stock equal to the number of preferred shares being converted times a fraction equal to $10 divided by the conversion price. The conversion prices for the Preferred Stock are subject to customary adjustments in the event of st ock splits, stock dividends and certain other distributions on the Stock. Cumulative dividends for the Preferred Stock are payable in arrears, when, as and if declared by the Board of Directors, on March 31, June 30 September 30, and December 31 of each year ed Stock is optionally redeemable by the Company beginning on vartous cates, as listed above. at redemption prices n preference after which date it remains the liquiciation preference to 110% of the liquidation preference. The redemption prices decrease 2 annually thereafter until the redemption price equals the Required: 1. What amount of dividends is paid annually to a preferred shareholder owhing 150 shares of the Series A preferred stock? nain in Retu Required: 1. What amount of dividends is paid annually to a preferred shareholder owning 150 shares of the Series A preferred stock? 2 If dividends are not paid in 2019 and 2020, but are paid in 2021, what amount of dividends will the shareholder receive? 3If the investor chooses to convert the shares in 2019, how many shares of common stock will the investor receive for his/her 150 shares? 4. If Ozark chooses to redeem the shares on June 18, 2019, what amount will the investor be paid for his/her 150 shares? 0.35 points 3 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4 If Ozark chooses to redeem the shares on June 18, 2019, what amount will the investor be paid for his/her 150 shares? Round "Per Share Amounts' to 2 decimal places except percentage values.) Total 150 Share Amuntsshares Liquidation preference Redemption Percentage (%) Redemption price June 18, 2019 s 10.00 106% 5 1056 $ 1,584 Required 3Step by Step Solution
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