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 $$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 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 $110\%$ of the liquidation preference. The redemption prices decrease $2\%$ annually thereafter until the redemption price

equals the liquidation preference, after which date it remains the liquidation preference.

Required:

What amount of dividends is paid annually to a preferred shareholder owning $250$ shares of the Series A preferred stock?

If dividends are not paid in $2025$ and $2026,$ but are paid in $2027,$ what amount of dividends will the shareholder receive?

If the investor chooses to convert the shares in $2025,$ how many shares of common stock will the investor receive for their

$250$ shares?

If Ozark chooses to redeem the shares on June $18,2025,$ what amount will the investor be paid for their $250$ 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 $250$ shares?

Note: Round "Per Share Amounts" to $2$ decimal places except percentage values.