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Kuhns Corp. has 170,000 shares of preferred stock outstanding that is cumulative and 100,000 common stock outstanding. The preferred dividend is $6.10 per share and
Kuhns Corp. has 170,000 shares of preferred stock outstanding that is cumulative and 100,000 common stock outstanding. The preferred dividend is $6.10 per share and has not been paid for 3 years. If Kuhns earned $1.30 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.) Multiple Choice rogress $9.15 per share end $7.55 per share 212 Money 56 55 per share el the $9.90 per share en Huynh
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