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Kuhns Corp. has 2 0 0 , 0 0 0 shares of preferred stock outstanding that is cumulative and 1 0 0 , 0 0

Kuhns Corp. has 200,000 shares of preferred stock outstanding that is cumulative and 100,000 common stock outstanding. The preferred dividend is $3.00 per share and has not been paid for three years. If Kuhns earned $1 million this year, what could be the maximum payment to the preferred stockholders on a per share basis?
A. $9.00dim per share
B. $15.00 per share
C. $6.00 per share
D. $5.00 per share
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