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 $$25$ 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 $116\%$ 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:

If Ozark chooses to redeem the shares on June $18,2025,$ what amount will the investor be paid for their $300$ shares?

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

Can someone just solve Req. $4$ redemption percentage? All the other numbers are correct except for the redemption percentage.