15)MeFirst Corporation has a cumulativepreferred share issue that is suppose to pay aquarterly dividend of $2. MeFirst failed to pay3 consecutive dividends to investors and thenmanaged to pay a common share dividendthe very next quarter. How much cash mustMeFirst have paid to each preferred shareholder at that time?)Miller Juice, Inc. is not paying a dividend rightnow, but is expected to pay a $4.56 dividendtwo years from now. Investors expect thatdividend to grow by 4% every year forever. Ifthe required return on the stock investment is14%, what should be the price of Miller Juice
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