Question: Caswell Pharmaceutical has a shareholders' equity account as shown below. The firm's ordinary shares currently sell for $20 per share. Preference shares $ 500,000 Ordinary

Caswell Pharmaceutical has a shareholders' equity account as shown below. The firm's ordinary shares currently sell for $20 per share.

Preference shares $ 500,000

Ordinary shares (2,000,000 shares) $ 2,000,000

Retained earnings $11,600,000

Total shareholders' equity $14,100,000

What is the maximum dividend per share Caswell can pay?

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