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 2024 annual report: Note 5. Convertible Preferred Stock (in part): The Company has the following Convertible Preferred Stock outstanding as of September 2024: The Preferred Stock is convertible at any time 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 $15 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 120% 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. Required: 1. What amount of dividends is pald annually to a preferred shareholder owning 350 shares of the Series A preferred stock? 2. If dividends ore not pald in 2025 and 2026, but are paid in 2027, whot amount of dividends will the shareholder recelve? 3. If the investor chooses to convert the shares in 2025 , how many shates of common stock will the investor recelve for their 350 shares? 4. If Ozark chooses to redeem the shares on June 18,2025 , what amount will the investor be paid for their 350 shares? 1. What amount of dividends is paid annually to a preferred shareholder owning 350 shares of the Series A preferred stock? 2. If dividends are not paid in 2025 and 2026, but are paid in 2027, what amount of dividends will the shareholder recelve? 3. If the investor chooses to convert the shares in 2025 , how many shares of common stock will the investor receive for their 350 shares? 4. If Ozark chooses to redeem the shares on June 18,2025 , what amount will the investor be paid for their 350 shares? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. If Ozark chooses to redeem the shares on June 18, 2025, what amount will the investor be paid for their 350 shares? Note: Round "Per Share Amounts" to 2 decimal places except percentage values
