Ozark Distributing Company is primarily engaged in the wholesale distribution of consumer products in the Ozark Mountain

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Ozark Distributing Company is primarily engaged in the wholesale
distribution of consumer products in the Ozark Mountain regions.
The following disclosure note appeared in the company’s 2021 annual
report: Note 5. Convertible Preferred Stock (in part): The Company
has the following Convertible Preferred Stock outstanding as of
September 2021: Date of issuance: June 17, 2018 Optionally
redeemable beginning: June 18, 2020 Par value (gross proceeds): $
1,800,000 Number of shares: 90,000 Liquidation preference per
share: $ 20 Conversion price per share: $ 25.18 Number of common
shares in which to be converted: 71,485 Dividend rate: 6.660 % 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 $20
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 115% of the liquidation
preference. The redemption prices decrease 2% annually thereafter
until the redemption price equals the liquidation preference, after
which date it remains the liquidation preference. Required: 1. What
amount of dividends is paid annually to a preferred shareholder
owning 250 shares of the Series A preferred stock? 2. If dividends
are not paid in 2022 and 2023, but are paid in 2024, what amount of
dividends will the shareholder receive? 3. If the investor chooses
to convert the shares in 2022, how many shares of common stock will
the investor receive for his/her 250 shares? 4. If Ozark chooses to
redeem the shares on June 18, 2022, what amount will the investor
be paid for his/her 250 shares?