Kuhns Corp. has 200,000 shares of preferred stock outstanding that is cumulative. - 4716

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Kuhns Corp. has 200,000 shares of preferred stock outstanding that is cumulative. The dividend is $6.50 per share and has not been paid for 3 years. If Kuhns earned $3 million this year, what could be the maximum payment to the preferred stockholders on a per share basis? 

A) $19.50 per share 

B) $15.00 per share 

C) $13.00 per share 

D) $6.50 per share 

 

Answer: B Difficulty: Easy Type: Application 

 
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