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Kuhns Corp. has 230,000 shares of preferred stock outstanding that is cumulative and 100,000 common...

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Finance

Kuhns Corp. has 230,000 shares of preferred stock outstanding that is cumulative and 100,000 common stocks outstanding. The preferred dividend is $6.00 per share and has not been paid for 3 years. If Kuhns earned $1.80 million this year, what could be the maximum payment to the preferred stockholders on a per share basis?

A. 9.33

B. 10.08

C. 6.73

D. 7.83

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