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KUH&S Corp has 200,000 shares of preferred stock outstanding that is cumulative and 100,000 common stock outstanding. The preferred dividend is $3 per share and has not been paid for three years period if KUHNS earned one million this year, what would be the maximum payment to the preferred stockholders on a per share basis.

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KUH&S Corp has 200,000 shares of preferred stock outstanding that is cumulative and 100,000 common stock outstanding. The preferred dividend is $3 per share and has not been paid for three years period if KUHNS earned one million this year, what would be the maximum payment to the preferred stockholders on a per share basis

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