Maximum payment to preferred stockholders on per share basis

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Reference no: EM131937864

rp. has 170,000 shares of preferred stock outstanding that is cumulative. The dividend is $7.30 per share and has not been paid for 3 years. If Kuhns earned $1.30 million this year, what could be the maximum payment to the preferred stockholders on a per share basis?

Reference no: EM131937864

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