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 companys 2018 annual report: Note 5. Convertible Preferred Stock (in part): The Company has the following Convertible Preferred Stock outstanding as of September 2018:

Date of issuance:	June	17, 2015
Optionally redeemable beginning:	June	18, 2017
Par value (gross proceeds):	$	2,500,000
Number of shares:		100,000
Liquidation preference per share:	$	25.00
Conversion price per share:	$	30.31
Number of common shares in which to be converted:		82,481
Dividend rate:		6.785	%

The Preferred Stock is convertible at any time by the holders into a number of shares of Ozarks common stock equal to the number of preferred shares being converted times a fraction equal to $25.00 divided by the conversion price. The conversion prices for the Preferred Stock are subject to customary adjustments in the event of stock splits, stock dividends and certain other distributions on the Common 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. The Preferred Stock is optionally redeemable by the Company beginning on various dates, as listed above, at redemption prices equal to 112% of the liquidation preference. The redemption prices decrease 1% annually thereafter until the redemption price equals the liquidation preference after which date it remains the liquidation preference.

If Ozark chooses to redeem the shares on June 18, 2019, what amount will the investor be paid for his/her 100 shares?

Per Share Amounts Total 100 shares

Liquidation preference. $

Redemption Percentage (%)

Redemption price, June 18, 2019. $