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Ozark Distributing Company is primarily engaged in the wholesale distribution of consumer products in the Ozark Mountain region The following disclosure note appeared in the

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Ozark Distributing Company is primarily engaged in the wholesale distribution of consumer products in the Ozark Mountain region The following disclosure note appeared in the company's 2021 annual report: Note 5. Convertible Preferred Stock (in part): The Company has the following Convertible Preferred Stock outstanding as of September 2021: 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, 2018 June 18, 2020 $2,100,000 70,000 $ 30 $ 35.10 59,829 6.630% The Preferred Stock is convertible at any time by the holders into a number of shares of Ozark's common stock equal to the numbe preferred shares being converted times a fraction equal to $30 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 or 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. Required 1 Required 2 Required 3 Required 4 If Ozark chooses to redeem the shares on June 18, 2022, what amount will the investor be paid for his/her 250 shares? (Round "Per Share Amounts" to 2 decimal places except percentage values.) Total 250 shares Per Share Amounts $ 30.00 106% Liquidation preference Redemption Percentage (%) Redemption price, June 18, 2022 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If dividends are not paid in 2022 and 2023, but are paid in 2024, what amount of dividends will the shareholder receive? (Round your answer to 3 decimal places.) Amount of dividends Required 1 Required 2

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